Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Duplex

Bedrooms

2

Building size

2,151 sqft

Lot size

7,841 sqft

Year built

1945

Stories

1

Garage spaces

2

Style

Contemporary

Heating

Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

17

MLS #

247606892

About this property

Excellent opportunity to own a beautifully updated duplex featuring two spacious 3-bedroom, 2-bathroom units, both to be delivered vacant at closing, offering flexibility for an investor, multi-generational living, or an owner-occupant looking to live in one unit and rent the other. Both units have been expanded with newly constructed primary bedroom and bathroom additions completed in 2026, permitted, approved, and finalized in accordance with City of Riverside requirements. Each residence has its own private address, separate gas and electric meters, individual electrical subpanel, private front and backyard, and one-car garage with automatic garage door opener. The property is fully enclosed with wood and wrought-iron fencing, and each unit has its own automatic wrought-iron entry gate, providing additional privacy and separation. The interiors have been extensively updated with new flooring throughout, recessed lighting, new windows, new doors, window blinds, central A/C and heating, and tankless water heaters. Both kitchens feature new cabinetry, granite countertops, new stove/range, and exhaust fans. Bathrooms feature tile finishes, glass shower doors, new toilets, and new vanities with granite countertops. Bedrooms include mirrored closet doors. Each unit also has its own automatic front-yard sprinkler system, exterior lighting, and attractive landscaping accented by palm trees. Conveniently located near major freeways, shopping centers, schools, dining, and everyday amenities, the property is situated in an area with strong rental demand. With both units delivered vacant, separate utilities, private yards, individual garages, gated entrances, and extensive recent improvements, this property offers an excellent opportunity to establish new rents and choose your own tenants from day one. Two homes. Two private living spaces. One outstanding Riverside investment opportunity.

Location

5877 Challen Avenue

Riverside, Riverside, CA, 92503