3907 Polk Street

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$6,950,000
128,502 Lot Size2.95 Acres
3907 Polk St, Riverside, CA 92505
Est: $35,326/moGet pre-approved

Description

Rare construction-ready townhome development opportunity in one of Riverside's most sought-after submarkets. 3907 Polk Street is a fully entitled, shovel-ready project offering 57 premium townhome residences across eight buildings on ±2.95 acres (±128,502 SF), with grading complete and all remaining permits at RTI status — delivering an incoming developer a clear and immediate path to vertical construction. The approved plans yield ±69,498 net rentable square feet across an all 2-bedroom/2-bathroom...Rare construction-ready townhome development opportunity in one of Riverside's most sought-after submarkets. 3907 Polk Street is a fully entitled, shovel-ready project offering 57 premium townhome residences across eight buildings on ±2.95 acres (±128,502 SF), with grading complete and all remaining permits at RTI status — delivering an incoming developer a clear and immediate path to vertical construction. The approved plans yield ±69,498 net rentable square feet across an all 2-bedroom/2-bathroom unit mix, comprising 51 standard units at ±1,218 SF and six accessible units at ±1,230 SF, with an average unit size of ±1,219 SF. Every residence features a private covered balcony and a dedicated 2-car garage, with 57 total garages and 114 garage spaces across the site. Units are designed to deliver contemporary, high-quality living with premium fixtures and fully equipped kitchens with state-of-the-art appliances. The site offers exceptional connectivity to key market drivers. Residents will enjoy walking-distance access to Kaiser Permanente Riverside Medical Center and strong regional mobility via the 91, 15, 60, and 215 Freeways. The nearby Metrolink La Sierra Station provides direct rail service to Los Angeles Union Station and the broader Southern California transit network. The City of Riverside is a premier Inland Empire market anchored by major employers across Healthcare, Education, and Government/Aerospace — including Kaiser Permanente, Riverside Community Hospital, UC Riverside, California Baptist University, the County of Riverside, and Collins Aerospace — supported by a strong household income within the trade area. Retail and lifestyle amenities including the Galleria at Tyler, Castle Park, and Downtown Riverside are all within minutes. Inland Empire multifamily fundamentals remain strong, with vacancy near its lowest point since 2022 and net absorption continuing to outpace new supply. The incoming developer has the option to complete a Condo Map with individually parceled APNs, unlocking maximum exit flexibility — whether pursuing a stabilized rental strategy, a for-sale townhome exit, or a combination of both. This is an exceptional opportunity for a residential townhome developer, seasoned investor, or private capital group to acquire a premier development project with sustained demand from both the traditional rental pool and the high-demand student housing market driven by the site's proximity to nearby universities.
LISTING UPDATED: 08/13/2026 08:33 AM

  1. Listed by Eric Chen • DRE #C32772 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 3907 Polk Street

Status
Active
MLS #
CV26177716
Days on Market
5
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Land
MLS Type
Lot/Land
Year Built
-
Lot Size
2.95 AC
County
Riverside County
View
None
Lot Size Source
Assessor
Assessor Parcel Number
143-270-009
New Construction
No
Pool
No
View
No
View
No
Association
No
Association Fee
$.00
Zoning
HDR-45
Senior Community
No
Parcel Number
143270009
Area
Riverside (252)
Directions
Merge onto I-10 E, take exit 58B to merge onto I-15 S toward San Diego, take exit 96B to merge onto CA-91 E toward Riverside, take exit 55A to merge onto Magnolia Ave, keep right to stay on Magnolia Ave, turn left onto Polk St.

Location

Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772
Add your commute

Building Information for 3907 Polk Street

Lot Size2.95 AC

Payment Calculator

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$35,326 per month

30 year fixed, 6.55% Interest

Principal and Interest

$35,326

Property Taxes

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HOA Dues

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Property Information for 3907 Polk Street

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Block: 35
  • Tax Tract Number: 041407
  • Tax Census Tract: 041407
  • CFD/Mello-Roos Fee: $57
  • Tax Lot: 12
Community / Development
Community / Development
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Exterior Features
  • View Description: None
Distance To
  • Distance To Water: 0
Land/Lot Info
  • Additional Parcels Description: -010; -011; -012 143-280-001; -002; -054
  • Lot Features: Lot Over 40000 Sqft
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Lots/Land

Property History for 3907 Polk Street

DateEvent & SourcePriceAppreciation
Aug 13, 2026

Listed (Active)

CRMLS #CV26177716

$6,950,000—
Aug 13, 2026

Listed (Active)

CLAW #CV26177716MR

$6,950,000—
Aug 13, 2026

Listed (Active)

SDMLS #CV26177716

$6,950,000—
DateEvent & SourcePrice
08/13/2026

Listed (Active)

CRMLS #CV26177716

$6,950,000
08/13/2026

Listed (Active)

CLAW #CV26177716MR

$6,950,000
08/13/2026

Listed (Active)

SDMLS #CV26177716

$6,950,000

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

Public Records for 3907 Polk Street

Taxable ValueLand$474,495Additions-Total$474,495
Home Facts
Beds0Lot Size54,450 SqFtStyleResidentialCountyRIVERSIDEAPN143-280-070

Schools near 3907 Polk Street

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Collett Elementary School
Public - K to 5
Arizona Middle School
Public - 6 to 8
La Sierra High School
Public - 9 to 12
Summit Secondary
Public - 6 to 12
Rating
School
Distance
Collett Elementary School
PublicK to 5

Arizona Middle School
Public6 to 8

La Sierra High School
Public9 to 12

Summit Secondary
Public6 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.

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More information about 3907 Polk Street, Riverside, CA 92505

3907 Polk Street is a 2.95 ac of land for sale in Riverside, CA 92505. This property was listed for sale on August 13, 2026 by CB RICHARD ELLIS, it's currently listed at $6,950,000. It has been on the market for a total of 5 days and was last sold on March 6, 2007. This listing's school district is Alvord Unified School District. Nearby schools include Collett Elementary School, Arizona Middle School and La Sierra High School. 3907 Polk Street is a 0-bed, 0-bath, 2.95 ac of land on a 128,502 sq. ft. / 2.95 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772

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.