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12193 Raley Drive Riverside, CA 92505

8 Beds
5 Baths
4,771 Sqft
247,420 Sqft lot
5.68 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1948
Days on Website: 119

Property listed by Regency Real Estate Brokers, Mase Abdeshahian 949-743-4186

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!

Open House

Property Details and Features

  • Road frontage type: CityStreet
  • Road surface type: Paved
  • GasCooktop
  • GasOven
  • GasRange
  • 3 main level bathrooms
  • 5 full bathrooms
  • 5 total bathrooms
  • 2 main level bedrooms
  • 8 total bedrooms
  • Built in 1948
  • Levels: Two
  • Living area: 4771
  • 2 stories
  • Common walls: NoCommonWalls
  • Construction materials: Brick,Drywall
  • DogPark
  • Golf
  • Park
  • StreetLights
  • CentralAir
  • Accessibility features: SafeEmergencyEgressfromHome
  • Privacy
  • WroughtIron
  • SeeRemarks
  • Concrete
  • Central
  • ElectricDryerHookup
  • GasDryerHookup
  • ListingID: OC24056889
  • Standard status: Active
  • 58 days on market
  • Country: US
  • 5.68 acres
  • 247,421 square feet
  • Size: 247,421
  • Item25UnitsAcre
  • Item610UnitsAcre
  • LotOver40000Sqft
  • Rocks
  • Secluded
  • SprinklersTimer
  • ValueInLand
  • AttachedCarport
  • CircularDriveway
  • Covered
  • Carport
  • Driveway
  • DrivewayUpSlopeFromStreet
  • Private
  • RVAccessParking
  • Private
  • CloseOfEscrow
  • Zoning: R1
  • CityLights
  • Canyon
  • Hills
  • Mountains
  • Panoramic
  • Rocks
  • Valley
  • TreesWoods
  • Composition
  • SecurityGate
  • SepticTank
  • None
  • ElectricityOnProperty
  • ElectricityConnected
  • PhoneConnected
  • SeeRemarks
  • WaterConnected
  • Blinds