5855 Challen Avenue, Riverside, California 92503, Riverside, 92503 - 3 bed, 2 bath
5855 Challen Avenue
Riverside, California 92503
Property Price
SUMMARY
Analysis of 5855 Challen Avenue, Riverside, California 92503 reveals a Fairly Priced Property with a current list price of $554,900 aligned with the estimated $554,900 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5855 Challen Avenue Subject | $554,900* List Price | 3 | 2 | 1,166 | $476 | - |
A 4440 Daniel Drive Sold | $525,000 | 3 | 2 | 1,210 | $434 | 1.0 mi |
B 6866 Rutland Avenue Sold | $605,000 | 3 | 2 | 1,052 | $575 | 1.0 mi |
C 8885 Jo Jo Way Sold | $579,000 | 3 | 1 | 1,224 | $473 | 0.5 mi |
D 5599 Montgomery Street Sold | $575,000 | 4 | 2 | 1,300 | $442 | 0.5 mi |
E 8654 Greenpoint Avenue Active Under Contract | $529,000 List Price | 3 | 1 | 954 | $555 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 2004, is 20 years old, fitting within the 'Good' category's age range. The listing explicitly states it's a 'charming renovated property' with 'semi new wood floor' and a 'new range,' indicating recent updates. The images confirm clean, well-maintained interiors with updated flooring and fresh paint. While the kitchen cabinets and bathroom vanities appear functional and clean, their style is not fully modern or high-end, suggesting some components are updated but not a full, extensive renovation. The property is move-in ready with no immediate major renovations required.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Updates & Modern Amenities
The property features recent renovations, including 'semi new wood floor' and a 'new range,' complemented by essential modern amenities such as central air conditioning and a 2-car garage, offering move-in readiness and comfort.
- Desirable Configuration
With 3 bedrooms and 2 bathrooms, the property offers a highly sought-after layout suitable for families or individuals seeking a functional living space.
- Convenient Location
Described as 'close to everything,' indicating excellent proximity to local amenities, services, and transportation, enhancing daily convenience for residents.
CONSRISKS & DEFICIENCIES
- Compact Living Space
At 1166 square feet, the interior living space is on the smaller side for a 3-bedroom, 2-bathroom home built in 2004, which might limit appeal for buyers desiring more expansive rooms or additional square footage.
- Lack of Distinctive Views
The property description explicitly states 'view: None,' indicating an absence of scenic or desirable outlooks that could otherwise enhance its market value and appeal.
- Extended Market Time/Price Adjustments
The history of multiple price reductions suggests the property may have been on the market for an extended period or was initially overpriced, which could lead buyers to question its market appeal or potential underlying issues.
About 5855 Challen Avenue
This charming renovated property features 3 bedrooms 2 baths Central air 2 car garage, semi new wood floor,new range, garage door opener and you name it. Close to everything. Take a look once and you fall in love The price is reduced to $554,900 won't last. Write an offer today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 5,662 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,166 | 1,757 | 17% |
| Lot Size | 5,662 | 7,841 | 13% |
| Price | $554.9K | $675.0K | 14% |
| Price per sq ft | $476 | $385 | 77% |
| Built year | 2004 | 1986 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 233 | 184 | 80% |
Pricing History
Listed for Sale
Dec 30, 2025
$554,900
$575,000
-3% Price Drop
Initial Listing
Price Change
Oct 16, 2025
$575,000
$584,900
-2% Price Drop
Initial Listing
Price Change
Sep 30, 2025
$584,900
$599,000
-2% Price Drop
Initial Listing
Price Change
Jul 17, 2025
$599,000
Initial Listing