3071 Market St

Riverside, CA 92501

$690,000
Price
6,098 / 0.14
Lot Size / Acres
Get preapproved with Rocket Mortgage1

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. Zoning: C3-Downtown specific plan— Gateway District • Fully entitled 4-unit residential development...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. 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
  1. Listed by YONG GAO • DRE #01409769 • Brokerage DRE #02099621 • HEBRON EQUITIES INC. • 626-864-1598

Property Details for 3071 Market Street

View
None
Lot Size Source
Assessor
Assessor Parcel Number
209-194-018
New Construction
No
Pool
No
View
No
View
No
Association
No
LISTING UPDATED: 04/10/2026 04:07 AM

Property Details for 3071 Market Street

StatusActive
MLS #WS26071273
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.14 AC
CountyRiverside County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of HEBRON EQUITIES INC., YONG GAO, DRE #01409769
Add your commute

Building Information for 3071 Market Street

Lot Size0.14 AC

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$3,546 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,475

Property Taxes

$71

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 3071 Market Street

Income / Expense / Tax Details
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $9
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Street Lights
Property / Structure Info
Exterior Features
  • Fence: None
  • Fencing: None
  • View Description: None
Distance To
  • Distance To Water: Public
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 2-5 Units/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Water: See Remarks
  • Water Source: See Remarks
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Lots/Land

Property History for 3071 Market Street

DateEvent & SourcePriceAppreciation
Apr 10, 2026

Listed (Active)

CRMLS #WS26071273

$690,000—
Apr 6, 2026

Listed (Active)

SDMLS #WS26071273

$690,000—
Apr 6, 2026

Listed (Active)

CLAW #WS26071273MR

$690,000—
DateEvent & SourcePrice
04/10/2026

Listed (Active)

CRMLS #WS26071273

$690,000
04/06/2026

Listed (Active)

SDMLS #WS26071273

$690,000
04/06/2026

Listed (Active)

CLAW #WS26071273MR

$690,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3071 Market Street

Taxable ValueLand$75,435Additions-Total$75,435
Tax Record2025$846 ($71 / month)
Home Facts
Lot Size6,098 SqFtStyleCommercialZoningC3CountyRIVERSIDEAPN209-194-018

Schools near 3071 Market Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Bryant Elementary School
Public - K to 6
Central Middle School
Public - 7 to 8
Polytechnic High School
Public - 9 to 12
Riverside Virtual School
Public - K to 12
Rating
School
Distance
Bryant Elementary School
PublicK to 6

Central Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Riverside Virtual School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 3071 Market Street, Riverside, CA 92501

3071 Market Street is a 0.14 ac of land for sale in Riverside, CA 92501. This property was listed for sale on April 6, 2026 by HEBRON EQUITIES INC., it's currently listed at $690,000. This listing's school district is Riverside Unified School District. Nearby schools include Bryant Elementary School, Central Middle School and Polytechnic High School. 3071 Market Street is a 0-bed, 0-bath, 0.14 ac of land on a 6,098 sq. ft. / 0.14 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HEBRON EQUITIES INC., YONG GAO, DRE #01409769

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.