Homes for sale - 12193 Raley DR, Riverside, CA 92505

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License Number 01925376

info@khorrrealty.com +1(310) 428-7750

$ 1,499,000

Est. payment | -/mo

8 Beds

5 Baths

4,771 SqFt

Save

$ 1,499,000

Est. payment | -/mo

Save

8 Beds

5 Baths

4,771 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,771 sqft

Price per Sqft $314

MLS Listing ID OC24056889

Bedrooms 8

Full Baths 5

Construction Status Fixer

HOA Y/N No

Year Built 1948

Lot Size 5.680 Acres

Property Sub-Type Single Family Residence

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 252 - Riverside

Zoning R6W

Rooms

Other Rooms Guest House Detached

Main Level Bedrooms 2

Interior

Heating Central

Cooling Central Air

Flooring Concrete

Fireplaces Type See Remarks

Fireplace Yes

Appliance Gas Cooktop, Gas Oven, Gas Range

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Attached Carport, Circular Driveway, Covered, Carport, Driveway, Driveway Up Slope From Street, Private, RV Access/Parking

Fence Privacy, Wrought Iron

Pool Private

Community Features Dog Park, Golf, Park, Street Lights

Utilities Available Electricity Connected, Phone Connected, See Remarks, Water Connected

View Y/N Yes

View City Lights, Canyon, Hills, Mountain(s), Panoramic, Rocks, Valley, Trees/Woods

Roof Type Composition

Accessibility Safe Emergency Egress from Home

Private Pool Yes

Building

Lot Description 2-5 Units/Acre, 6-10 Units/Acre, Lot Over 40000 Sqft, Rocks, Secluded, Sprinklers Timer, Value In Land

Dwelling Type House

Story 2

Entry Level Two

Foundation Slab

Sewer Septic Tank

Water Public

Level or Stories Two

Additional Building Guest House Detached

New Construction No

Construction Status Fixer

Schools

School District Riverside Unified

Others

Senior Community No

Tax ID 168340001

Security Features Security Gate

Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA

Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA

Special Listing Condition Standard

Listed by Mase Abdeshahian • Regency Real Estate Brokers • 949-743-4186

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 428-7750

info@khorrrealty.com

12193 Raley DR Riverside, CA 92505