$1,100,000
$1,499,000
26.6%For more information regarding the value of a property, please contact us for a free consultation.
12193 Raley DR Riverside, CA 92505
8 Beds
5 Baths
4,771 SqFt
Key Details
Sold Price $1,100,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,771 sqft
Price per Sqft $230
MLS Listing ID OC24056889
Sold Date 05/13/25
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
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
Financing Cash
Special Listing Condition Standard
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Bought with NONE NONE None MRML