Sold
Last Sold Price
1 bed20 baths

7467 Potomac St, Riverside, CA 92504

Multi FamilyProperty Type
1954Year Built

Description

The Potomac Apartments is a 20-unit apartment property built in 1954. Situtuated on three parcels, the property is made up of two 6 unit properties that are conjoined, and an 8 unit property standing alone on an individual parcel. The property is comprised of four studios, sixteen 1 bedroom/1 bathroom units. Amenities include patios, wall air conditioning and heating units, laundry, and carport parking. Located in the heart of Riverside, a new investor can take advantage of an underdeveloped apartment...The Potomac Apartments is a 20-unit apartment property built in 1954. Situtuated on three parcels, the property is made up of two 6 unit properties that are conjoined, and an 8 unit property standing alone on an individual parcel. The property is comprised of four studios, sixteen 1 bedroom/1 bathroom units. Amenities include patios, wall air conditioning and heating units, laundry, and carport parking. Located in the heart of Riverside, a new investor can take advantage of an underdeveloped apartment market lacking supply of sufficient new construction to meet the needs of Riverside's increasing population. A new owner can expect to see rising rents year after year as rent comparables illustrate the low occupancy and rising rental rates of the area.
  • Listed by: DOUGLAS MCCAULEY DRE #01155706 • MARCUS & MILLICHAP
Listing closed: 11/09/2007 12:00 AM • Source: CRMLS, MLS#: C07148371
See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Recent comparable sales

Median sold price

$291,000

Avg days on market

68

Sale-to-list ratio

95.3%

Riverside, CA

9 comparable properties found

a view of a white house with a yard table and chairs
1/4
1

$1,760,000

Sold 10/29/25

1
Bedrooms
2
Bathrooms
3,944
Square Feet
0.31
Acres
a car parked in front of a building
2

$260,000

Sold 05/30/25

1
Bedrooms
763
Square Feet
0.02
Acres
3

$260,000

Sold 05/09/25

1
Bedrooms
1
Bathrooms
763
Square Feet
Unavailable
Acres
a view of a yard with plants
4

$450,000

Sold 04/03/25

1
Bedrooms
396
Square Feet
0.15
Acres
$291,000 | 5080 Jurupa Avenue, Riverside, CA 92504
5

$291,000

Sold 02/13/25

1
Bedrooms
468
Square Feet
0.11
Acres
a view of a house with a yard
6

$390,000

Sold 03/31/25

1
Bedrooms
576
Square Feet
0.18
Acres
7

$275,000

Sold 07/09/26

1
Bedrooms
1
Bathrooms
650
Square Feet
Unavailable
Acres
8

$1,875,000

Sold 08/24/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.9
Acres
9

$2,800,000

Sold 07/25/25

1
Bedrooms
2
Bathrooms
400
Square Feet
0.78
Acres

Location

Listing Courtesy of MARCUS & MILLICHAP, DOUGLAS MCCAULEY, DRE #01155706

Sold By MARCUS & MILLICHAP, DOUG MCCAULEY, DRE #01155706

Add your commute
Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$10,147 per month

30 year fixed, 7.03% Interest

Principal and Interest

$8,408

Property Taxes

$1,739

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.
Know your buying power with a preapproval and custom rate in minutes
Rocket Mortgage1

Property Information for 7467 Potomac Street

Property Details

  • MLS Type: Residential Income
  • Parking Spaces Total: 0
  • Total Units: 20.0
  • Assessor Parcel Number: 230-121-012
  • Subdivision Name: OTHR
  • Subdivision Name Other: OTHR
  • Parcel Number: 230121012
  • Area: Riverside (252)

Building Information

  • Year Built: 1954

Income / Expense / Tax Details

Income Details
  • Gross Income: $173,520
  • Gross Scheduled Income: $173,520
  • Net Operating Income: $100,100
  • Financing: Cash
Expense Details
  • Operating Expense: $67,424
Tax / Assessment Info
  • Tax Tract Number: 0001
  • Tax Lot: 001

Property / Structure Info

Land/Lot Info
  • Number Of Units: 20
Parking Info
  • Garage Spaces: 20
  • Parking Garage Spaces: 20
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Code: OTHR

Unit Information

Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Actual Rent: $725
  • Unit Type Total Rent: $7,860
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Actual Rent: $750
  • Unit Type Total Rent: $11,600
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 100
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1

Property History for 7467 Potomac Street

DateEvent & SourcePriceAppreciation
Nov 9, 2007

Sold

CRMLS #C07148371

$1,575,000—
Nov 9, 2007

Sold

CLAW #C07148371MR

$1,575,000—
Nov 8, 2007

Pending

CRMLS #C07148371

—
DateEvent & SourcePrice
11/09/2007

Sold

CRMLS #C07148371

$1,575,000
11/09/2007

Sold

CLAW #C07148371MR

$1,575,000
11/08/2007

Pending

CRMLS #C07148371

—

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

Public records

7467 Potomac Street

Total Finished SqFt

4,872 SqFt

Above Grade Finished SqFt

4,872 SqFt

Stories

2

Lot Size

7,841 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1958

Schools near 7467 Potomac Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
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.

Similar Homes

New listings in 92504

$550,000 | 6730 Montclair Drive, Riverside, CA 92504
1/50

$550,000

3
Bedrooms
1,264
Square Feet
0.18
Acres
$609,000 | 8512 Verbena Drive, Riverside, CA 92504
1/30

$609,000

3
Bedrooms
1,288
Square Feet
0.25
Acres
$749,000 | 4926 Wilton Place, Riverside, CA 92504
1/33
Listed By Century 21

$749,000

3
Bedrooms
1,751
Square Feet
0.17
Acres
$550,000 | 3496 Crowell Avenue, Riverside, CA 92504

$550,000

3
Bedrooms
1,038
Square Feet
0.22
Acres
$997,000 | 17000 Scottsdale Road, Riverside, CA 92504
1/35
Open: 10/11 12:00PM - 03:00PM

$997,000

4
Bedrooms
2,583
Square Feet
2
Acres
$475,000 | 5555 Norman Way, Riverside, CA 92504
1/24

$475,000

3
Bedrooms
744
Square Feet
0.17
Acres
$1,325,000 | 17531 Fairbreeze Court, Riverside, CA 92504
1/59

$1,325,000

4
Bedrooms
4,598
Square Feet
0.94
Acres
$479,990 | 5908 Grand, Riverside, CA 92504
1/35
Open: 10/11 01:00PM - 04:00PM

$479,990

2
Bedrooms
733
Square Feet
0.21
Acres
$517,000 | 7353 Pontoosuc Avenue, Riverside, CA 92504
1/29

$517,000

2
Bedrooms
868
Square Feet
0.16
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 7467 Potomac Street, Riverside, CA 92504
$1,575,000
1
20
–
–
–
–
–
3,248
7,405
–
–
–
3,576
7,405
$325,000
4
3
1,700
–
–
–
–
3,248
7,405
–
–
–
3,576
7,841

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 MARCUS & MILLICHAP, DOUGLAS MCCAULEY, DRE #01155706

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.