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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!

Features
: Private
: Central
: Central Air
: City Lights, Panoramic, Hills, Mountain(s), Canyon, Trees/woods, Valley, Rocks
2
1
: Gas & Electric Dryer Hookup, Gas Dryer Hookup
0
: Street Lights, Park, Golf, Dog Park
3
2
Additional Information
Regency Real Estate Brokers
0
OCABDEMAY
D031
Mase
168340001
: Standard
Riverside Unified
Two
: Guest House Detached

Single Family Residence For Sale

12193 Raley Drive, Riverside, California 92505

8 Bedrooms
5 Bathrooms (Full)
4,771 Sqft
$1,599,000
Listing ID #OC24056889
Basic Details
Status : Active
DaysOnMarket : 9
Property Type : Single Family Residence
Listing Type : For Sale
Listing ID : OC24056889
Price : $1,599,000
Bedrooms : 8
Bathrooms : 5
Living Area : 4,771 Sqft
Lot Size : 247,421 Sqft
Year Built : 1948
Country : US
State : California
County : Riverside
City : Riverside
Zipcode : 92505
Price Per Square Foot : $335
Bathrooms (Full) : 5
ModificationTimestamp : 2024-04-04 15:36:53
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