Riverside, CA 92505 12193 Raley Drive
$1,499,000
57 more
Presented By: Mase Abdeshahian with Regency Real Estate Brokers; 949-743-4186
Beds • 8
Baths • 5
SQFT • 4,771
Year Built • 1948
Home Details
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!
Presented By: Mase Abdeshahian with Regency Real Estate Brokers; 949-743-4186
Interior Features for 12193 Raley Drive
Bedrooms
Main Level Bedrooms2
Total Bedrooms8
Bathrooms
Main Level Bathrooms3
Total Baths5
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesSeeRemarks
Fireplace Y/NYes
FlooringConcrete
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup
LivingAreaSourceAssessor
Total Stories2
Window FeaturesBlinds
Other Rooms
Entry Level1
General for 12193 Raley Drive
AccessibilitySafeEmergencyEgressFromHome
Additional Parcels Y/NNo
AppliancesGasCooktop, GasOven, GasRange
Attached Garage No
Carport Y/NYes
CityRiverside
Community FeaturesDogPark, Golf, Park, StreetLights
Construction MaterialsBrick, Drywall
Contingencyseller disclosures
appraisal has been completed
CoolingCentralAir
CountyRiverside
Current FinancingNone
DirectionsTurn onto Raley dr from Riverwalk, property will be on the right hand side
ElectricElectricityOnProperty
Electric On Property Y/NNo
Entry Location1
ExclusionsCaboos
Full Baths5
Garage Spaces0.0
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingCentral
High School DistrictRiverside Unified
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, CalVetLoan, Exchange1031, FHA
Living Area UnitsSquareFeet
Lot Size Square Feet247421.0
Lot Size UnitsSquareFeet
MLS Area252 - Riverside
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total2
Occupancy TypeOwner
Other StructuresGuestHouseDetached
Pool FeaturesPrivate
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionFixer
Property Sub Type AdditionalSingleFamilyResidence
Property SubtypeSingleFamilyResidence
Property TypeResidential
Rent Control Y/NNo
RoofComposition
Security FeaturesSecurityGate
Senior Community Y/NNo
SewerSepticTank
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Structure TypeHouse
Tax Lot0
UtilitiesElectricityConnected, PhoneConnected, SeeRemarks, WaterConnected
ViewCityLights, Canyon, Hills, Mountains, Panoramic, Rocks, Valley, TreesWoods
Waterfront Y/NNo
Year Built1948
Year Built SourcePublicRecords
ZoningR6W
Exterior for 12193 Raley Drive
Crops Included Y/NNo
FencingPrivacy, WroughtIron
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, SixToTenUnitsAcre, LotOver40000Sqft, Rocks, Secluded, SprinklersTimer, ValueInLand
Lot Size Acres5.68
Lot Size Area247421.0
Lot Size SourceAssessor
Open Parking Y/NNo
Parking FeaturesAttachedCarport, CircularDriveway, Covered, Carport, Driveway, DrivewayUpSlopeFromStreet, Private, RvAccessParking
Private PoolYes
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,499,000
MLS#OC24056889
List Date
03/25/2024
Property Type
Single Family
Phone
(310) 963-5595
