3071 Market, Riverside, CA 92501

—

Beds

—

Baths

—

Sq ft

About this home

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

Type

Residential

Year built

—

Lot

6,098 sq ft

Garage

—

HOA

None

Pool

View

—

Solar

—

Estimated payment

$4,352/mo

Principal & interest$3,489
Property tax (est.)$661
Home insurance (est.)$201

Down payment: 20% ($138,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of YONG GAO, HEBRON EQUITIES INC., 626-864-1598. MLS# WS26071273. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 7:26 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Innovate Realty, Inc., CA DRE #02215206.