NOT LISTED FOR SALE

5890 Challen Ave Riverside, CA 92503

Arlanza Neighborhood

Estimated Value: $747,000 - $840,000

5 Beds
3 Baths
2,354 Sq Ft
$340/Sq Ft Est. Value

Last Sold January 24, 2022

Last sale price $700,000 $297 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,915/month

3 Days on Market

Highlights

  • 0.37 Acre Lot
  • Neighborhood Views
  • Wood Fence
  • No HOA
  • Cooling Available
  • Wall Furnace

About This Home

As of January 2022

Three Unit Investment Opportunity in a Well Sought After Area of Riverside. This Triplex Features 2354 sqft on a Huge 16,117 sqft lot. Good Potential for Future Expansion. Close to Schools, Entertainment, Shopping, Parks and Public Transportation.

Last Agent to Sell the Property

Ryan Peterson

Gold Coast Realty License #01784708 Listed on: 11/19/2021

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,901

Year Built

  • Built in 1945

Lot Details

  • 0.37 Acre Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex

Interior Spaces

  • 2,354 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces
  • Parking Available

Utilities

  • Cooling Available
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 298
  • Tax Tract Number 411
  • Assessor Parcel Number 151100004
  • $73 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Operating Expense $7,200
  • Gross Income $36,000
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,901

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 233333
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Zoning: R3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 151100004
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 297.37

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 15.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 16117.00
  • Lot Size Acres: 0.3700

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 16117.0000 Square Feet
  • Net Operating Income: 36000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Actual Rent: 3500.00
  • Total Expenses: 7200.00

Tax Info

  • Tax Census Tract: 411.01
  • Tax Lot: 298
  • Tax Tract Number: 411.01
  • TaxOtherAnnualAssessmentAmount: 73.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2024
Sold by
Shoor Amar J
Bought by
Shoor Family Trust and Shoor
Current Estimated Value
$765,924

Purchase Details

Closed on
Nov 23, 2021
Sold by
Ramirez Gonzalo A
Bought by
Shoor Amar J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 25, 2016
Closed on
Jun 28, 2016
Sold by
Gomez Maria
Bought by
Ramirez Gonzalo A
Seller's Agent
CARY GRIGGS
PLAZA HILLS
Buyer's Agent
Gloria Hernandez
Realty One Group West
List Price
$395,000
Sold Price
$395,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$387,845
Interest Rate
3.48%
Mortgage Type
FHA

Purchase Details

Listed on
May 25, 2016
Closed on
Jun 13, 2016
Sold by
Wiltse John J
Bought by
Ramirez Gonzalo A
Seller's Agent
CARY GRIGGS
PLAZA HILLS
Buyer's Agent
Gloria Hernandez
Realty One Group West
List Price
$395,000
Sold Price
$395,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,845
Interest Rate
3.48%
Mortgage Type
FHA

Purchase Details

Closed on
May 23, 1998
Sold by
Wiltse John Jacob and Wiltse Cora E
Bought by
Wiltse John Jacob and Wiltse Cora E
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shoor Family Trust -- None Listed On Document
Shoor Amar J $1,400,000 California Members Title
Ramirez Gonzalo A -- Stewart Title Of Ca Inc
Ramirez Gonzalo A $395,000 Stewart Title Of Ca Inc
Wiltse John Jacob -- --
Wiltse John Jacob -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shoor Amar J $525,000
Previous Owner Ramirez Gonzalo A $387,845
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2022 01/24/22 Sold $700,000 0.0% $297 / Sq Ft
12/17/2021 12/17/21 Off Market $700,000 -- --
12/15/2021 12/15/21 Price Changed $700,000 0.0% $297 / Sq Ft
12/15/2021 12/15/21 For Sale $700,000 +3.7% $297 / Sq Ft
11/23/2021 11/23/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $675,000 +70.9% $287 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
08/11/2016 08/11/16 Sold $395,000 0.0% $168 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $395,000 -- $168 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $8,901 $742,845 $212,241 $530,604
2023 $8,901 $714,000 $204,000 $510,000
2022 $5,103 $431,987 $71,085 $360,902
2021 $5,019 $423,518 $69,692 $353,826
2020 $4,939 $419,176 $68,978 $350,198
2019 $4,874 $410,958 $67,626 $343,332
2018 $4,807 $402,900 $66,300 $336,600
2017 $4,718 $395,000 $65,000 $330,000
2016 $483 $34,718 $9,380 $25,338
2015 $475 $34,198 $9,240 $24,958
2014 $473 $33,530 $9,060 $24,470
Source: Public Records

Agents Affiliated with this Home

  • Ryan Peterson

    Seller's Agent in 2022

    Ryan Peterson

    Gold Coast Realty

    (714) 423-7433

    2 in this area

    116 Total Sales

    Section Image
  • Prashant Sampat

    Buyer's Agent in 2022

    Prashant Sampat

    Pacific Avenue Realty

    (562) 841-0227

    1 in this area

    222 Total Sales

    Section Image

  • C

    Seller's Agent in 2016

    CARY GRIGGS

    PLAZA HILLS

    (951) 683-4570

    8 Total Sales

    Section Image
  • Gloria Hernandez

    Buyer's Agent in 2016

    Gloria Hernandez

    Realty One Group West

    (714) 315-5718

    84 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21249663

California Regional Multiple Listing Service (CRMLS)

APN: 151-100-004

California Riverside County Riverside 92503 Arlanza

5890 Challen Ave, Riverside, CA

This home is located at 5890 Challen Ave, Riverside, CA 92503 since 19 November 2021 and is currently estimated at $800,022, approximately $339 per square foot. This property was built in 1945. 5890 Challen Ave is a home located in Riverside County with nearby schools including Arlanza Elementary School, Wells Middle School, and Norte Vista High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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