7042 Rainbow Ct, Riverside, CA 92506 Property Records

Riverside County property record for 7042 Rainbow Ct, Riverside, CA 92506

Property Summary

Property Type	Single Family Home
Details	3 bd · 1.75 ba · 2,034 sqft · built 1959
Lot Size	0.15 acres (6,534 sqft)
Owner	Individual Name on Record
Last Sale	$620,000 (Dec 2025)
Tax Bill	$2,197 (2025)
Deeds & Mortgages	Aug 2021 Mortgage Dec 2025 Second Mortgage + 3 more
Flood Zone	Zone X (moderate risk)
APN	`235-081-014`

Property Details

APN / Parcel Number

Primary APN	`235-081-014`
Alternative APN	`054700774`

Interior

Bedrooms	3 Beds
Full Baths	1.75 Baths
Half Baths	1 Half Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	2,034 sqft Living Area
Gross Area	2,528 sqft
1st Floor Area	2,034 sqft

Exterior

Year Built	Built 1959
Effective Year Built	Effective 1959
Architectural Style	Traditional
Exterior Material	Stucco
Construction Type	Wood
Roof Material	Gravel
Lot Area	6,534 sqft (0.15 acres)
Garage Type	Attached
Garage Area	494 sqft
Parking Spaces	3 Parking Spaces

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Gas
Sewer	Connected

Location & Zoning

Old Parcel Number	054700774
Street Address	7042 RAINBOW CT
City	RIVERSIDE
State	CA
Zip	92506-4144
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R1
Legal Description	LOT 14 MB 036/026 PLAZA HOMES
Legal Subdivision	PLAZA HOMES
Legal Lot Number	14
Jurisdiction	RIVERSIDE CA
Township / Civil Division	RIVERSIDE
Census Block Group	4
Census Block	4013
Census Tract	31200

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Listed Area	Within Victoria Avenue listed 2000 · 1 contributing resources · NRIS 00001267

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

Source: Riverside County records, as of August 24, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Individual Name on Record
Mailing Address	7042 RAINBOW CT, RIVERSIDE, CA 92506-4144
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Sole Owner

Deeds, Mortgages & Sale History

Date	Document
Aug 19, 2021	Deed of Trust, Mortgage · Conventional Mortgage LOANDEPOT.COM LLC
Dec 12, 2025	Intrafamily Transfer, Transfer · Stand-Alone Second Mortgage PARAMOUNT RESIDENTIAL MORTGAGE GROUP
Dec 12, 2025	Grant Deed, Transfer · FHA Mortgage PARAMOUNT RESIDENTIAL MORTGAGE GROU
Apr 7, 2020	Quit Claim Deed, Transfer LOANDEPOT.COM LLC
Mar 10, 2018	Deed of Trust, Mortgage · Conventional Mortgage LOANDEPOT.COM LLC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 12, 2025 · Amount on Record
Deed Sale	Dec 12, 2025 · Amount on Record
Prior Sale	May 28, 1999 · Amount on Record
Deed Document Number	2025386825
Prior Transfer Date	Nov 5, 1998
Prior Transfer Doc	0000493050
Record Updated	Oct 29, 2026

August 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	RIVERSIDE CA
Property Address	7042 RAINBOW CT, RIVERSIDE, CA 92506-4144
Transaction Type	Mortgage
Record Updated	Dec 25, 2025
Title Company	AMERICAN SW TITLE, AMERICAN COAST TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	7042 RAINBOW CT, RIVERSIDE, CA 92506-4144

Mortgage

Document Number	0000496700
Date	Aug 19, 2021
Instrument	2021-0496700

Lender

Name	LOANDEPOT.COM LLC
Type	Mortgage Company
Address	FOOTHILL RANCH, CA 92610

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Sep 1, 2051

December 2025: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	RIVERSIDE CA
Recording Date	Dec 12, 2025
Property Address	7042 RAINBOW CT, RIVERSIDE, CA 92506-4144
Document Number	0000386824
Map Reference	MB 36 PG 26&27
Instrument Date	Dec 11, 2025
Instrument	2025-0386824
Transaction Type	Transfer
Record Updated	Dec 25, 2025
Title Company	LAWYERS TITLE COMPANY

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	7042 RAINBOW CT, RIVERSIDE, CA 92506-4144

Mortgage

Document Number	0000386827
Date	Dec 12, 2025
Instrument	2025-0386827

Lender

Name	PARAMOUNT RESIDENTIAL MORTGAGE GROUP
Type	Mortgage Company
Address	CORONA, CA 92879

Agreement

Type	Stand-Alone Second Mortgage
Amount	Amount Recorded
Term	362 Months
Due	Feb 8, 2056

December 2025: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	RIVERSIDE CA
Recording Date	Dec 12, 2025
Property Address	7042 RAINBOW CT, RIVERSIDE, CA 92506-4144
Document Number	0000386825
Map Reference	MB 36 PG 26&27
Instrument Date	Nov 6, 2025
Instrument	2025-0386825
Transaction Type	Transfer
Record Updated	Dec 25, 2025
Title Company	LAWYERS TITLE COMPANY/CA, LAWYERS TITLE COMPANY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants
Address	7042 RAINBOW CT, RIVERSIDE, CA 92506-4144

Mortgage

Document Number	0000386826
Date	Dec 12, 2025
Instrument	2025-0386826

Lender

Name	PARAMOUNT RESIDENTIAL MORTGAGE GROU
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Jan 1, 2056

April 2020: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	RIVERSIDE CA
Recording Date	Apr 7, 2020
Property Address	7042 RAINBOW CT, RIVERSIDE, CA 92506-4144
Document Number	0000154686
Instrument Date	Mar 23, 2020
Instrument	154686
Transaction Type	Transfer
Record Updated	Apr 15, 2020
Title Company	AMERICAN COAST TITLE COMPANY, AMERICAN COAST TITLE CO.

Transaction

Tax	$0.00
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Separate Estate/Property
Address	7042 RAINBOW CT RIVERSIDE CA 925064144, RIVERSIDE, CA 92506-4144

Mortgage

Document Number	154687
Date	Apr 7, 2020
Instrument	154687

Lender

Name	LOANDEPOT.COM LLC
Type	Funding / Finance Company
Address	FOOTHILL RANCH, CA 92610

Agreement

Amount	Amount Recorded
Term	360 Months
Due	Apr 6, 2050

March 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	RIVERSIDE CA
Property Address	7042 RAINBOW CT, RIVERSIDE, CA 92506-4144
Document Number	0000101463
Instrument Date	Mar 10, 2018
Transaction Type	Mortgage
Record Updated	Mar 26, 2018
Title Company	AMERICAN COAST TITLE COMPANY

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	7042 RAINBOW CT RIVERSIDE CA 925064144, RIVERSIDE, CA 92506-4144

Mortgage

Document Number	0000101463
Date	Mar 19, 2018
Instrument	101463

Lender

Name	LOANDEPOT.COM LLC
Type	Funding / Finance Company
Address	FOOTHILL RANCH, CA 92610

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Mar 18, 2048

Tax Assessment & Valuation

Source: Riverside County assessment roll, as of July 29, 2026

Property Jurisdictions

Type	Name
State	California
County	Riverside County
Municipality	Riverside City
Unified School District	Riverside Unified School District (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$620,000 (+222.9%) Land $186,002 Building $433,998
2025	$2,197.00 (+3.78%)	$192,011 (+4.04%) Land $47,016 Building $144,995
2023	$2,117.00 (+1.88%)	$184,557 Land $45,192 Building $139,365
2022	$2,078.00
2021			$440,550

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective October 14, 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF RIVERSIDE serves 302,776 people · EPA ID CA3310031
Water Source	Groundwater influenced by surface water
Lead	1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 598 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Verizon Fixed Wireless	1,000 / 75
T-Mobile Fixed Wireless	100 / 20
AT&T DSL · Fiber, Fixed Wireless in parts of the area	100 / 20

May also be available: GeoLinks.

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