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Riverside, CA 92505 12193 Raley Drive

$1,599,000

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Presented By: Mase Abdeshahian with Regency Real Estate Brokers;
  • MLS# OC24056889
  • 03/25/2024
  • Request Tour
  • Request Info
  • BedBeds • 8
  • BathBaths • 5
  • FootageSQFT • 4,771

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;

Interior Features for 12193 Raley Drive

Bedrooms

Main Level Bedrooms2
Total Bedrooms8

Bathrooms

Full Baths5
Main Level Bathrooms3
Total Baths5

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesSeeRemarks
Fireplace Y/NYes
FlooringConcrete
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Living Area UnitsSquareFeet
Street SuffixDrive
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
CoolingCentralAir
CountyRiverside
Current FinancingNone
Days on Market9
DirectionsTurn onto Raley dr from Riverwalk, property will be on the right hand side
ElectricElectricityOnProperty
Entry Location1
ExclusionsCaboos
Garage Spaces0.0
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
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, Item1031Exchange, FHA
Lot Size Square Feet247421.0
MLS Area252 - Riverside
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy DescriptionOwner
Other StructuresGuestHouse
Pool FeaturesPrivate
PossessionCloseOfEscrow
Private PoolYes
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 StatusActive
StatusActive
Stories2
Street NameRaley
Structure TypeHouse
Tax Lot0
Total Units2
UtilitiesElectricityConnected, PhoneConnected, SeeRemarks, WaterConnected
ViewCityLights, Canyon, Hills, Mountains, Panoramic, Rocks, Valley, TreesWoods
View Y/NYes
Waterfront Y/NNo
Year Built1948
Year Built SourcePublicRecords
ZoningR1

Exterior for 12193 Raley Drive

Crops Included Y/NNo
FencingPrivacy, WroughtIron
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre, Item610UnitsAcre, LotOver40000Sqft, Rocks, Secluded, SprinklersTimer, ValueInLand
Lot Size Acres5.68
Lot Size Area247421.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Open Parking Y/NNo
Parking FeaturesAttachedCarport, CircularDriveway, Covered, Carport, Driveway, DrivewayUpSlopeFromStreet, Private, RVAccessParking
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,599,000
MLS#OC24056889
List Date 03/25/2024
Property Type Single Family
Phone 714.964.3311
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Request Info
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*According to the National Association of Realtors