12193 Raley Drive Riverside, CA 92505
UPDATED:
09/08/2024 05:00 AM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,771 sqft
Price per Sqft $314
MLS Listing ID OC24056889
Style Detached
Bedrooms 8
Full Baths 5
Construction Status Fixer
HOA Y/N No
Year Built 1948
Lot Size 5.680 Acres
Acres 5.68
Property 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!
Location
State CA
County Riverside
Area Riv Cty-Riverside (92505)
Zoning R6W
Interior
Cooling Central Forced Air
Fireplaces Type Other/Remarks
Equipment Gas Oven, Gas Stove, Gas Range
Appliance Gas Oven, Gas Stove, Gas Range
Exterior
Exterior Feature Brick
Fence Privacy, Wrought Iron
Pool Private
Utilities Available Electricity Connected, Phone Connected, See Remarks, Water Connected
View Mountains/Hills, Panoramic, Valley/Canyon, Rocks, Trees/Woods, City Lights
Roof Type Composition
Building
Story 2
Sewer Conventional Septic
Water Public
Level or Stories 2 Story
Construction Status Fixer
Others
Monthly Total Fees $9
Miscellaneous Value in Land
Acceptable Financing Cash, Conventional, Exchange, FHA, Cash To New Loan
Listing Terms Cash, Conventional, Exchange, FHA, Cash To New Loan
Special Listing Condition Standard
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