7422 Potomac Street

Closed 12/7/20
Closed 12/7/20
Gallery Image 1
Sold
Last Sold Price
$480,000
4 beds2 baths1,647 sqft$291/sqft
7422 Potomac St, Riverside, CA 92504
Multi FamilyProperty Type
7,405 sq ftLot Size
1952Year Built
$291/sq ftPrice per sq ft
2 carsParking Spaces

Description

Whether you're looking for a property to raise a family or generate cashflow this property checks all the boxes. This duplex has solid real estate fundamentals. It has an ideal unit mix of (2) 2 bed 1 bath units with a garage. Rents are significantly below market giving the new owner the opportunity to add value to the asset. The property is centrally located in the heart of Riverside. It's close to schools, parks, the Riverside Plaza, and the Tyler Mall. These opportunities rarely come to market....Whether you're looking for a property to raise a family or generate cashflow this property checks all the boxes. This duplex has solid real estate fundamentals. It has an ideal unit mix of (2) 2 bed 1 bath units with a garage. Rents are significantly below market giving the new owner the opportunity to add value to the asset. The property is centrally located in the heart of Riverside. It's close to schools, parks, the Riverside Plaza, and the Tyler Mall. These opportunities rarely come to market. Don't let this one slip away! Do not disturb the tenants as they are unaware of the sale. Drive by only. Call listing agent with any questions.
  • Listed by: Steven Casillas DRE #01982554 Brokerage DRE #01896421 • Realty ONE Group West
Listing closed: 12/07/2020 12:00 AM • Source: CRMLS, MLS#: IG20223372

Recent comparable sales

Median sold price

$575,000

Avg days on market

69

Sale-to-list ratio

94.8%

Riverside, CA

9 comparable properties found

$650,000 | 7460 Potomac Street, Riverside, CA 92504
1

$650,000

Sold 10/09/25

4
Bedrooms
2
Bathrooms
1,647
Square Feet
0.18
Acres

7460 Potomac Street, Riverside, CA 92504

a front view of a house with garden
2

$655,000

Sold 06/25/25

4
Bedrooms
2
Bathrooms
1,647
Square Feet
0.17
Acres

7442 Potomac Street, Riverside, CA 92504

a view of a house with backyard and garden
3

$660,000

Sold 09/05/25

4
Bedrooms
2
Bathrooms
1,805
Square Feet
0.17
Acres

7457 Mt Vernon Street, Riverside, CA 92504

a front view of a house with a yard
4

$612,000

Sold 12/17/25

4
Bedrooms
2
Bathrooms
1,700
Square Feet
0.18
Acres

4005 McKenzie Street, Riverside, CA 92503

$560,000 | 3480 Hoytt Street, Riverside, CA 92504
5

$560,000

Sold 07/31/25

4
Bedrooms
1,428
Square Feet
0.16
Acres

3480 Hoytt Street, Riverside, CA 92504

a front view of a house with a yard and garage
6

$540,000

Sold 03/16/26

4
Bedrooms
1,687
Square Feet
0.16
Acres

6757 Clifford Street, Riverside, CA 92504

a front view of house with yard
1/13
7

$575,000

Sold 01/20/26

4
Bedrooms
1,643
Square Feet
Unavailable
Acres

7535 Magnolia Avenue, Riverside, CA 92504

a view of a house with a yard and palm trees
8

$570,000

Sold 08/12/25

4
Bedrooms
1,436
Square Feet
0.18
Acres

5395 Granada Avenue, Riverside, CA 92504

$530,000 | 5875 Challen Avenue, Riverside, CA 92503
9

$530,000

Sold 07/11/25

4
Bedrooms
2
Bathrooms
1,536
Square Feet
0.18
Acres

5875 Challen Avenue, Riverside, CA 92503

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Location

Listing Courtesy of Realty ONE Group West, Steven Casillas, DRE #01982554

Sold By HomeSmart Realty Group, Raj Sharma, DRE #01943882

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$2,928 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,440

Property Taxes

$488

HOA Dues

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Property Information for 7422 Potomac Street

Property Details
  • MLS Type: Residential Income
  • County: Riverside County
  • View: None
  • Parking Spaces Total: 2
  • Private Pool: No
  • Cooling Type: Wall/Window Unit(s)
  • Total Units: 2.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 1647
  • Assessor Parcel Number: 230-122-009
  • Property Attached YN: true
  • Common Walls: 1 Common Wall
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 1647
  • Building Area Units: Square Feet
  • Stories Total: 1
  • Pool: No
  • Spa: No
  • View: No
  • View: No
  • Zoning: R2
  • Senior Community: No
  • Parcel Number: 230122009
  • Area: Riverside (252)
  • Directions: Exit 91 W | Make right on Madison | Right on Potomac
Building Information
  • Stories: 1
  • Year Built: 1952
  • Lot Size: 0.17 AC / 7,405 SF
Rental Info
Rental Info
  • Tenant Pays: All Utilities, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $25,200
  • Gross Scheduled Income: $25,200
  • Gross Operating Income: $25,200
  • Net Operating Income: $22,250
  • Financing: Conventional
Expense Details
  • Operating Expense: $2,650
  • New Taxes Expense: $5,418
  • Electric Expense: $0
  • Insurance Expense: $850
  • Professional Management Expense: $840
  • Trash Expense: $0
  • Water Sewer Expense: $960
  • Total Expenses: $8,068
Tax / Assessment Info
  • Tax Tract Number: 0000
  • Tax Census Tract: 314.01
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Cooling: Wall/Window Unit(s)
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
Exterior Features
  • Roof: Composition
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 2

Property History for 7422 Potomac Street

DateEvent & SourcePriceAppreciation
Dec 7, 2020

Sold

CRMLS #IG20223372

$480,000—
Dec 7, 2020

Sold

CLAW #IG20223372MR

$480,000—
Dec 7, 2020

Sold

SDMLS #IG20223372

$480,000—
DateEvent & SourcePrice
12/07/2020

Sold

CRMLS #IG20223372

$480,000
12/07/2020

Sold

CLAW #IG20223372MR

$480,000
12/07/2020

Sold

SDMLS #IG20223372

$480,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 7422 Potomac Street

Taxable ValueLand$132,487Additions$397,467Total$529,954
Tax Record2025$5,854 ($488 / month)
Home Facts
Beds4Baths2Total Finished SqFt1,647 SqFtAbove Grade Finished SqFt1,647 SqFtStories1Lot Size7,405 SqFtStyleSingle Family ResidenceYear Built1952Year Renovated1952ZoningR2CountyRIVERSIDEAPN230-122-009

Schools near 7422 Potomac Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Madison Elementary School
Public - K to 6
Sierra Middle School
Public - 7 to 8
Ramona High School
Public - 9 to 12
Opportunity Program School
Public - 7 to 12
Rating
School
Distance
Madison Elementary School
PublicK to 6

Sierra Middle School
Public7 to 8

Ramona High School
Public9 to 12

Opportunity Program School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 7422 Potomac Street, Riverside, CA 92504
$480,000
4
2
1,647
7,405
7414 Potomac Street, Riverside, CA 92504
$330,000
4
2
1,615
7,405
7432 Potomac Street, Riverside, CA 92504
$375,000
2
2
1,589
7,405
7421 Mt Vernon Street, Riverside, CA 92504
$671,000
2
4
1,680
7,405
7415 Mt Vernon Street, Riverside, CA 92504
–
4
2
1,820
7,405
7442 Potomac Street, Riverside, CA 92504
$655,000
4
2
1,647
7,405

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty ONE Group West, Steven Casillas, DRE #01982554

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.