$1,499,000
- Beds
- 8
- Baths
- 5.0
- sq ft
- 4,771
12193 Raley Dr, Riverside, CA 92505
12193 Raley Dr
Riverside, CA 92505
- 96 days on market
- Price drop $100,000↓
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!
Details
Property type
Single Family Residence
Property condition
Fixer
Lot size
5.68 acres
Price per sq ft
$315
Year built
1948
Price History
05/23/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #OC24056889
Price change
$1,499,000
-6.25%
03/25/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #OC24056889
Listed
$1,599,000
Schools & Community
Neighborhood:Â
La Sierra
Elementary school:Â
Unknown
Middle school:Â
Unknown
High school:Â
Unknown
Community features:Â Golf, Park, Street Lights
Community features:Â
Golf, Park, Street Lights
High school district:Â
Riverside Unified
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Status: Active
Tomo last checked: 06/29/2024 at 6:45 AM
Listing updated: 05/23/2024 at 11:26 AM
Listed by: Mase Abdeshahian, Regency Real Estate Brokers Phone #:Â (949) 707-4400
MLS: CRMLS #OC24056889
![CRMLS logo](/_next/static/media/crmlsLogo.7699ca4d.png)
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