12193 Raley Drive
Riverside, CA 92505
4771 sqft | 8 beds | 5 baths | 5.68 acres | #OC24056889
Description
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
- Lot DescriptionTwoToFiveUnitsAcre, SixToTenUnitsAcre, LotOver40000Sqft, Rocks, Secluded, SprinklersTimer, ValueInLand
- ViewCityLights, Canyon, Hills, Mountains, Panoramic, Rocks, Valley, TreesWoods
- Utility FeaturesElectricityConnected, PhoneConnected, SeeRemarks, WaterConnected
- Property SubtypeSingleFamilyResidence
- School DistrictRiverside Unified
- Sewer InformationSepticTank
- Original List Price$1,599,000
- MLS #OC24056889
- MLS #OC24056889
- CountyRiverside
- Property TypePurchase
- Cost1499000
- Utility SourcePublic
- Structure TypeHouse
- Acres5.68
- Square Feet4771
- Year Built1948
- FoundationSlab
- Bedrooms8
- Bathrooms5
- Full Baths5
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Mase Abdeshahian (#OCABDEMAY)
Listing Office: Regency Real Estate Brokers (#D031)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
