Active

12193 Raley Drive

Riverside CA, 92505

$1,599,000


$335.15 per sqft

Active

8 Beds

5 Baths

4,771 sqft

Residential

Built in 1948

Listed by Mase Abdeshahian with Regency Real Estate Brokers 949-707-4400

A golden opportunity! Nestled in a prime location, this expansive 5.68-acre property boasts not one, but two homes awaiting transformation. The 1948 main house, offers over 3,500 SqFt of space, providing a solid foundation for potential redevelopment. Accompanying it is a 1997 manufactured home, featuring 3 bedrooms and 2 baths, offering potential to unlock the property's true value. But it's the land that truly sets this opportunity apart. With a commercial irrigation system in place and a diverse landscape featuring native and non-native trees, including fruit-bearing varieties, the potential for development is limitless. Two gated entrances and a 5 ft. high wrought iron fence provide security and privacy, while the property's location atop the hill offers sweeping views of Riverside, the mountains, and city lights. Investors, take note - this property can be subdivided, with several flat areas ready for development. Explore the possibilities with the city of Riverside to maximize the value of this one-of-a-kind location. With its unbeatable location and untapped potential, this property is a rare find for the savvy investor looking to capitalize on the real estate market. Don't miss out - seize this golden opportunity and turn your vision into reality today!

OC24056889

MLS ID

March 19, 2024

Listed

May 10, 2024

Updated

Map

12193 Raley Drive
Riverside CA, 92505

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

5


Appliances

Gas Cooktop, Gas Oven, Gas Range


Laundry Description

Electric Dryer Hookup, Gas Dryer Hookup


Floor Description

Concrete


Fireplace

Yes


Fireplace Description

See Remarks


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

5.68 Acres


Lot Features

2-5 Units/Acre, 6-10 Units/Acre, Lot Over 40000 Sqft, Rocks, Secluded, Sprinklers Timer, Value In Land


Roof

Composition


Sewer

Septic Tank

School Information

School District

Riverside Unified

Other Property Details

Area Name

252 - Riverside


Days on Market

45


Garage

No


Parking

Attached Carport, Circular Driveway, Covered, Carport, Driveway, Driveway Up Slope From Street, Private, RV Access/Parking


Parking Total

0


View

Yes


View Description

City Lights, Canyon, Hills, Mountain(s), Panoramic, Rocks, Valley, Trees/Woods


County

Riverside


Water Source

Public


Pool

Yes


Pool Features

Private


Zoning

R1


Buyer Agency Compensation

2%

Listing Contact: 949-707-4400 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/10/2024 at 5:09 PM UTC

 

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