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