See Home Value
$500,000
● House - Off Market

7142 Potomac

Riverside, CA 92504
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,224 Ft²
$2,455
Est. Monthly

About This Property

Opportunity and character come together at this charming 1940s Riverside home, offering the chance to create something truly special. Set on an oversized lot in an established neighborhood, this property PROVIDES A RARE CANVAS FOR BUYERS LOOKING TO PERSONALIZE, RESTORE, OR REIMAGINE A HOME WITH TIMELESS APPEAL AND STRONG POTENTIAL. Whether you're a first-time buyer ready to build equity, an investor searching for value, or a contractor with vision, the possibilities here are easy to appreciate. The spacious lot offers room to expand outdoor living, create gardens, add entertaining space, or explore the potential for an ADU or additional improvements, subject to buyer verification and city requirements. Conveniently located near major freeways, shopping, dining, and everyday amenities, the location combines accessibility with the comfort of a residential setting. Originally built in 1941, the home features approximately 1,226 square feet with 3 bedrooms and 1 bathroom, along with a detached 2-car garage. Situated on an approximately 7,405 square foot lot, this property presents an excellent opportunity for buyers looking to bring fresh ideas and unlock the home's full potential.
Unit Size
1,224 Ft²
Days on Market
42 days
Land Size
0.17 acres
Price per sqft
$408
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1941

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Last updated: 5 months ago (CRMLS #SW26099077)

Price History

Date / Event Date Event Price
Jun 17, 2026 Sold
Sold
May 13, 2026 In contract -
In contract
May 6, 2026 Listed by Elite Properties Direct $499,900
Listed by Elite Properties Direct

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 342
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,268
  • Gross Building Area: 1,268
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA SQUARE
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 20
  • State Land Use Code: R01
  • Legal Description 1: LOT 20 MB 012/038 MAGNOLIA SQUARE

Neighborhood

  • School District Name: Riverside Unified School District
  • Census Tract: 031401

Zoning

  • Zoning: R1065

Geography

  • Parcel: 230-152-007
  • Lot: 20
  • Municipality: RIVERSIDE
  • Latitude: 33.944
  • Longitude: -117.402

    Address

  • Full Address: 7142 Potomac St
  • Address - House Number: 7142
  • Address - Street Name: Potomac
  • Address - Suffix Type: St
  • State: CA
  • City Name: Riverside
  • Carrier Code: C010
  • 4-Digit Zip Code: 3936
  • Zip Code: 92504

Valuation

    Tax

  • Total Area: 1,224
  • Tax Year: 2023
  • Tax Amount: $215,738
  • Tax Rate Code Area: 009-002

    Appraisal Valuation

  • Standard Deviation: 0.2142
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 70
  • Final Value: 522,773
  • High Value: 634,791
  • Low Value: 410,756

    Market Valuation

  • Market Total Value: $401,670

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $188,180
  • Assessed Land Value: $71,010
  • Assessed Improvements Value: $117,170

    Sales

  • Current Sale Contract Date: Aug 28, 2012
  • Current Sale Recording Date: Oct 10, 2012
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2012-0483481
  • Previous Sale Recording Date: Jun 30, 2004
  • Previous Sale Contract Date: May 18, 2004
  • Previous Sale Amount: $610,000
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Magnolia Center


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Frequently Asked Questions

When was property at 7142 Potomac Street built and last sold?
The property at 7142 Potomac Street was built in 1941 and last sold on Aug 28, 2012 for $79,500.
How much is this home worth?
The estimated value of the home located at 7142 Potomac Street is $0.
What are some comparable homes to 7142 Potomac Street?
There are currently no comparable homes to 7142 Potomac Street.