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Listed by: YONG GAO (626) 864-1598 DRE #01409769 | HEBRON EQUITIES INC. (626) 864-1598
$690,000
Monthly Est:$3,434
-- Bed
-- Bath
6,098sqft lot
3071 Market, Riverside, CA 92501
$690,000
$3,434/moEst:
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Land
Built in -
$-- HOA
6,098 sqft lot
$113/sq.ft
Description
Infill development parcel located in Downtown Riverside, positioned on the corner of Market Street and 1st Street. Close to Mission Inn, Riverside Metrolink, retail, restaurants, and civic buildings. The site is currently vacant land with an entitlement map approved for 4 condo units, offering a ready-to-develop opportunity in a growing urban core. Zoning: C3-Downtown specific plan— Gateway District.
• Fully entitled 4-unit residential development with ~1,800 – 2,300 SF per unit
• Strong resale demand for new construction townhome/condo product
• Projected exit pricing of approximately $850,000 per unit
• Meaningful time-value premium due to reduced entitlement risk
• Approved density
• Small project = faster execution
• Strong Riverside housing demand
This is a near shovel-ready, entitled residential development site offering:
• Accelerated timeline to construction
• Embedded execution and time value
- Houzeo last checked: 1 hour ago
- Listing updated: August 22, 2026 at 7:13 am
- Source: California Regional MLS-CA | MLS#: WS26071273
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
6,098 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
WS26071273
MLS Status
Active
Days on Market
75
Cumulative Days on Market
133
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Utilities & Energy
Water Source
See Remarks
Other Features
Lot Features
Two To Five Units Acre
Community Features
Street Lights
Price History
| Date | Event | Price |
|---|---|---|
08/22/2026 Source: | Listed for Sale | $690,000 $0/sqft |
04/10/2026 Source: | Off Market | $690,000 $0/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 05, 2026, 12:45PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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