12193 Raley Drive Riverside, CA 92505
Listing Courtesy of: San Diego, CA MLS / Regency Real Estate Brokers

  12193 Raley Drive Riverside, CA 92505

Contingent (403 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! 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 #:
306131729
Lot Size
5.68 acres
Type
Single-Family Home
Year Built
1948
Views
Trees/Woods, City Lights, Panoramic, Valley/Canyon, Mountains/Hills, Rocks
County
Riverside County

Listed By

Mase Abdeshahian, Regency Real Estate Brokers
Source
San Diego, CA MLS
Last checked Apr 26 2025 at 8:40 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 5
Interior Features
  • Gas Stove
  • Gas Range
  • Gas Oven
Heating and Cooling
  • Forced Air Unit
  • Central Forced Air
Pool Information
  • Private
Exterior Features
  • Brick
  • Roof: Composition
Utility Information
  • Utilities: Public
  • Sewer: Conventional Septic
Garage
  • Circular Driveway
  • Private
  • Driveway - Combination
  • Carport
Parking
  • Circular Driveway
  • Private
  • Driveway - Combination
  • Carport
Stories
  • 2 Story
Living Area
  • 4,771 sqft
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
-
-
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