12193 Raley Drive Riverside, CA 92505
Listing Courtesy of: CRMLS / Regency Real Estate Brokers / Mase Abdeshahian - Contact:  949-743-4186

  12193 Raley Drive Riverside, CA 92505

Active (165 Days)
$1,499,000
8
BED
5
BATH
4,771
SQFT

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!

MLS #:
OC24056889
Lot Size
5.68 acres
Type
Single-Family Home
Year Built
1948
Views
Panoramic, Hills, Canyon, Valley, Rocks, Mountain(s), City Lights, Trees/Woods
School District
Riverside Unified
County
Riverside County

Listed By

Mase Abdeshahian, Regency Real Estate Brokers, Contact: 949-743-4186
Source
CRMLS
Last checked Sep 8 2024 at 1:27 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 5
Interior Features
  • Windows: Blinds
  • Gas Cooktop
  • Gas Oven
  • Laundry: Gas Dryer Hookup
  • Gas Range
  • Laundry: Electric Dryer Hookup
Lot Information
  • Secluded
  • Rocks
  • 2-5 Units/Acre
  • 6-10 Units/Acre
  • Sprinklers Timer
  • Lot Over 40000 Sqft
  • Value In Land
Property Features
  • Fireplace: See Remarks
  • Foundation: Slab
Heating and Cooling
  • Central
  • Central Air
Pool Information
  • Private
Flooring
  • Concrete
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: See Remarks, Water Source: Public, Electricity Connected, Water Connected, Phone Connected
  • Sewer: Septic Tank
Parking
  • Driveway
  • Private
  • Carport
  • Covered
  • Circular Driveway
  • Rv Access/Parking
  • Driveway Up Slope From Street
  • Attached Carport
Stories
  • 2
Living Area
  • 4,771 sqft
Additional Information: Regency Real Estate Brokers | 949-743-4186
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 23, 2024
Price Changed
$1,499,000
-6%
-100,000
Mar 19, 2024
Original Price
$1,599,000
-
-
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.