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!
Property Details
Price:
$1,499,000
MLS #:
OC24056889
Status:
Active
Beds:
8
Baths:
5
Address:
12193 Raley Drive
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
252riverside
City:
Riverside
Listed Date:
Mar 19, 2024
State:
CA
Finished Sq Ft:
4,771
ZIP:
92505
Lot Size:
247,421 sqft / 5.68 acres (approx)
Year Built:
1948
See this Listing
Mortgage Calculator
Schools
Interior
Accessibility Features
2+ Access Exits
Appliances
Gas Oven, Gas Range, Gas Cooktop
Cooling
Central Air
Fireplace Features
See Remarks
Flooring
Concrete
Heating
Central
Window Features
Blinds
Exterior
Community Features
Dog Park, Golf, Park, Street Lights
Electric
Electricity – On Property
Fencing
Privacy, Wrought Iron
Foundation Details
Slab
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre, 6-10 Units/ Acre, Lot Over 40000 Sqft, Rocks, Secluded, Sprinklers Timer, Value In Land
Parking Features
Carport, Attached Carport, Circular Driveway, Covered, Driveway – Combination, Driveway Up Slope From Street, Private, R V Access/ Parking
Parking Spots
0.00
Pool Features
Private
Roof
Composition
Security Features
Automatic Gate
Sewer
Conventional Septic
Spa Features
None
Stories Total
2
View
Canyon, City Lights, Hills, Mountain(s), Panoramic, Rocks, Trees/ Woods, Valley
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Connected, Phone Connected, See Remarks, Water Connected
Map
Community
- Address12193 Raley Drive Riverside CA
- Area252 – Riverside
- CityRiverside
- CountyRiverside
- Zip Code92505
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Courtesy of Regency Real Estate Brokers. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
12193 Raley Drive
Riverside, CA
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