tomo logo

$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

CRMLS #OC24056889

Price change
$1,499,000
-6.25%
03/25/2024
CRMLS

CRMLS #OC24056889

Listed
$1,599,000

Schools & Community

Neighborhood: 

La Sierra

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Golf, Park, Street Lights

High school district: 

Riverside Unified

Similar Homes Nearby

Price drop
CRMLS
$1,300,000
6 bd
|
4 ba
|
4,007 sq ft
|
House

788 Brianna Way, Corona, CA 92879

CRMLS
$1,580,000
5 bd
|
4.5 ba
|
3,500 sq ft
|
House

1438 Valley Dr, Norco, CA 92860

CRMLS
$1,275,000
4 bd
|
3.5 ba
|
3,022 sq ft
|
House

3371 Cutting Horse Rd, Norco, CA 92860

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 #: (949) 707-4400

MLS: CRMLS #OC24056889

CRMLS logo

Recently listed in Riverside

$925,000|3 bd|2.5 ba|House
$793,000|4 bd|3.0 ba|House
$144,900|2 bd|2.0 ba|Manufactured
$1,099,000|4 bd|3.0 ba|House
$1,475,000|4 bd|3.5 ba|House
$599,000|3 bd|2.0 ba|House
$668,000|3 bd|2.0 ba|House
$770,000|6 bd|3.0 ba|House
$790,000|4 bd|3.0 ba|House