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$245,000 -$4,000 (-1.61%) Price Reduced
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Property Description
Prime opportunity to build in a desirable Riverside location near Madison Street. This 7405 square foot lot comes with city approved plans for a single family residence along with a detached ADU and JADU, allowing you to move forward with construction right away. Save time and avoid the lengthy approval process since everything is already in place.
Ideal for builders, investors, or owner users looking to create a custom property with additional income potential. The approved design maximizes the lot and offers flexibility for multi generational living or rental opportunities.
Conveniently located near schools, shopping, dining, and major transportation routes.
Do not miss this rare chance to purchase a ready to build property in a growing area of Riverside
Full Property Details
Full Property Details for 7542 Peters St
General
- Price: $245,000
- Status: Active
- Type: Lots/Land
- Source: MRMLS
- MLS ID: IV26059215
- Updated: 6/7/2026
- Days on Market: 43 days
- Added to Site: 84 day(s) ago
Location
- Area: 252 - Riverside
- County: Riverside
- Development Name: 252 - Riverside
- Driving Directions: exit madison and turn right on peters st
- Dist. to Beach: 3 ft (Miles)
Utilities
- Water: Public
- Dist. to Water: 3 ft
Lot Features
- Property View: None
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Lot Size Source: Assessor
- Zoning: R3
- Lot Description: Curbs, Street Lights, Sidewalks
Financial Considerations
- Price Per Sq. Ft.: $33.09
Listed by Nest Real Estate, SANDEEP KANDA
Get Pre-Approved Today
Schools
Schools serving 7542 Peters St
School District:Riverside Unified School District
| Name | Grades | Distance |
|---|---|---|
Victoria Elementary School, Riverside, CA 2910 Arlington Avenue, Riverside, CA 92506 | K-6 | 1.8 mi |
Matthew Gage Middle School 6400 Lincoln Avenue, Riverside, CA 92506 | 7-8 | 1.4 mi |
Arlington High School 2951 Jackson Street, Riverside, CA 92503 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7542 Peters St
Date
Details
Price
Change
Source
6/07/2026
Price Reduced
$245,000
-1.61%
MLS
3/18/2026
Listed
$249,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7542 Peters St
7542 Peters St, Riverside, CA 92504 (MLS# IV26059215) is a Lots/Land property with a lot size of 0.1700 acres. 7542 Peters St is currently listed for $245,000 and was received on March 18, 2026. Want to learn more about 7542 Peters St? Do you have questions about finding other Lots/Land real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.

