3071 Market St Riverside, CA 92501
Downtown Riverside NeighborhoodEstimated payment $4,374/month
About This Lot
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
Listing Agent
HEBRON EQUITIES INC. Brokerage Phone: 626-864-1598 License #01409769 Listed on: 04/10/2026
Property Details
Property Type
- Land
Lot Details
- 6,098 Sq Ft Lot
- Density is 2-5 Units/Acre
- Property is zoned C3-Downtown specific plan
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 209194018
- $9 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Exterior Lighting
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/10/2026 04/10/26 | For Sale | $690,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Quit Claim Deed | $190,000 | Stewart Title Of California | |
| Grant Deed | -- | Stewart Title Of California | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | None Available | |
| Individual Deed | -- | -- | |
| Grant Deed | $290,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $232,000 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS26071273
APN: 209-194-018
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Ask me questions while you tour the home.