Seller's Agent in 2025
COLLEEN HORGAN
COLDWELL BANKER REALTY
(951) 529-4066
1 in this area
180 Total Sales
5875 Challen Ave Riverside, CA 92503
Arlanza Neighborhood
4
Beds
2
Baths
1,536
Sq Ft
7,841
Sq Ft Lot
Highlights
- Corner Lot
- Laundry Room
- 1-Story Property
- No HOA
- Central Heating
About This Home
As of July 2025Duplex located on a large corner lot. This property offers two 2-bedroom 1-bathroom units each with a private rear yard and carport. There is extra parking and space to expand. A new roof was installed within the last couple years as well as recently installed heaters. Each unit has a good size living room, kitchen with eating area and laundry hook ups. The surrounding area includes mult unit properties, newer built single-family homes and commercial buildings making this a great investment opportunity. Schools, access to freeways and public transportation are close-by. This is a great investment property, centrally located in Riverside with long term rental history.
Last Agent to Sell the Property
COLDWELL BANKER REALTY Brokerage Phone: 951-529-4066 License #01744762 Listed on: 02/11/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1945
Lot Details
- 7,841 Sq Ft Lot
- 1 Common Wall
- Corner Lot
Home Design
- Duplex
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 1,536 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- 2 Parking Spaces
- 2 Carport Spaces
Additional Features
- Exterior Lighting
- Central Heating
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 54
- Tax Tract Number 22081
- Assessor Parcel Number 151111028
- $57 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,300
- Water Sewer Expense $672
- Operating Expense $2,972
- Net Operating Income $13,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 11, 2025
Closed on
Jun 24, 2025
Sold by
Fredrico And Margaret Corona Living Trus and Corona Fredrico
Bought by
Lakeview Plumbing Corp
Seller's Agent
COLLEEN HORGAN
COLDWELL BANKER REALTY
Buyer's Agent
Victor Zapata
ZAPATA REAL ESTATE INVESTMENTS, INC.
List Price
$580,000
Sold Price
$530,000
Premium/Discount to List
-$50,000
-8.62%
Views
220
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,504
Avg. Annual Appreciation
4.78%
Original Mortgage
$527,000
Outstanding Balance
$398,625
Interest Rate
6.89%
Mortgage Type
Construction
Estimated Equity
$142,879
Purchase Details
Closed on
Nov 5, 2003
Sold by
Corona Fredrico R and Corona Margaret R
Bought by
Corona Fredrico R and Corona Margaret R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $530,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $527,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Sold | $530,000 | -6.7% | $345 / Sq Ft |
| 04/29/2025 04/29/25 | Price Changed | $568,000 | -2.1% | $370 / Sq Ft |
| 02/11/2025 02/11/25 | For Sale | $580,000 | -- | $378 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,302 | $188,552 | $69,715 | $118,837 |
| 2023 | $2,302 | $181,232 | $67,009 | $114,223 |
| 2022 | $2,132 | $177,680 | $65,696 | $111,984 |
| 2021 | $2,108 | $174,197 | $64,408 | $109,789 |
| 2020 | $2,075 | $172,412 | $63,748 | $108,664 |
| 2019 | $2,048 | $169,033 | $62,499 | $106,534 |
| 2018 | $2,020 | $165,720 | $61,274 | $104,446 |
| 2017 | $1,984 | $162,472 | $60,073 | $102,399 |
| 2016 | $1,952 | $159,288 | $58,896 | $100,392 |
| 2015 | $1,923 | $156,897 | $58,012 | $98,885 |
| 2014 | $1,916 | $153,826 | $56,877 | $96,949 |
Source: Public Records
Agents Affiliated with this Home
-
COLLEEN HORGAN
-
Victor Zapata
V
Buyer's Agent in 2025
Victor Zapata
ZAPATA REAL ESTATE INVESTMENTS, INC.
(909) 743-3405
1 in this area
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV25031435
APN: 151-111-028
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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