3907 Polk Street, Riverside, CA 92505
Local realty services provided by:ERA North Orange County Real Estate
3907 Polk Street,Riverside, CA 92505
$5,500,000
- 2.95 Acres
- Lots / Land
- Active
Listed by: eric chen
Office: cb richard ellis909-418-2000
MLS#:CV26177716
Source:CRMLS
Price summary
- Price:$5,500,000
About this home
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....
Contact an agent
Home facts
- Listing ID #:CV26177716
- Added:90 day(s) ago
- Updated:November 12, 2026 at 01:08 PM
Structure and exterior
- Lot area:2.95 Acres
- Lot Features:Lot Over 40000 Sqft
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,500,000
New listings near 3907 Polk Street
- Coming Soon
$950,000Coming Soon5 beds 3 baths3,198 sq. ft.12302 Skywood Court, Riverside, CA 92503
MLS# OC26242194Listed by: ANVIL REAL ESTATE - Coming Soon
$475,000Coming Soon3 beds 1 baths960 sq. ft.9583 Hastings, Riverside, CA 92509
MLS# IV26241974Listed by: REAL ESTATE ONE - Coming SoonOpen Sat, 10am to 3pm
$599,000Coming Soon4 beds 2 baths1,266 sq. ft.6787 Glendale Avenue, Riverside, CA 92503
MLS# SW26241713Listed by: REALTY ONE GROUP ROADS - Coming Soon
$700,000Coming Soon4 beds 3 baths2,416 sq. ft.5736 Nova Way, Riverside, CA 92505
MLS# IG26237244Listed by: TEAM SPIRIT REALTY, INC. - Coming Soon
$819,800Coming Soon6 beds 3 baths2,917 sq. ft.17922 Aloe Lane, Riverside, CA 92503
MLS# PW26239538Listed by: THE SHIRE REAL ESTATE GROUP - Coming SoonOpen Sat, 11am to 3pm
$689,000Coming Soon4 beds 3 baths2,587 sq. ft.5272 Wainwright Court, Riverside, CA 92507
MLS# IV26226808Listed by: RE/MAX HORIZON - Coming Soon
$675,000Coming Soon4 beds 3 baths1,815 sq. ft.7975 Stella Street, Riverside, CA 92504
MLS# IG26237949Listed by: RE/MAX ADVANTAGE - Coming Soon
$590,000Coming Soon4 beds 2 baths1,669 sq. ft.6651 Rexford Drive, Riverside, CA 92504
MLS# IV26236402Listed by: DEVLIN REALTY - Coming Soon
$735,000Coming Soon4 beds 3 baths2,240 sq. ft.2561 Stonegate, Riverside, CA 92506
MLS# IV26233528Listed by: KELLER WILLIAMS RIVERSIDE CENT - Coming Soon
$70,000Coming Soon2 beds 2 baths1,296 sq. ft.3500 Buchanan Avenue #68, Riverside, CA 92503
MLS# IG26231952Listed by: PONCE & PONCE REALTY, INC