12193 Raley Drive, Riverside

$1,599,000

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8 Beds
5 Baths
4,771 Sqft
5.68 Acres
0 Garage

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!

Essential Information

MLS® #
OC24056889
Price
$1,599,000
Bedrooms
8
Bathrooms
5.00
Full Baths
5
Square Footage
4,771
Acres
5.68
Year Built
1948
Type
Residential
Sub-Type
Single Family Residence
Status
Active

Community Information

Address
12193 Raley Drive
Area
252 - Riverside
City
Riverside
County
Riverside
Zip Code
92505
Senior Community
N

Community Features

Dog Park, Golf, Park, Street Lights

Amenities

Has Pool
Yes
Pool
Private

Utilities

Electricity Connected, Phone Connected, See Remarks, Water Connected

Parking

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

Garages

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

View

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

Interior

Interior
Concrete
Heating
Central
Cooling
Central Air
Fireplace
Yes
Fireplaces
See Remarks
# of Stories
2
Stories
Two

Appliances

Gas Cooktop, Gas Oven, Gas Range

Exterior

Exterior
Drywall, Brick
Windows
Blinds
Roof
Composition
Construction
Drywall, Brick
Foundation
Slab

Lot Description

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

School Information

District
Riverside Unified

Additional Information

Date Listed
March 19th, 2024
Days on Market
38
Zoning
R1

Listing Details

Agent
Mase Abdeshahian
Office
Regency Real Estate Brokers

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 1:15pm PDT. 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, 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.