Riverside, CA 92505,12193 Raley Drive
Riverside, CA 92505,12193 Raley Drive
Riverside, CA 92505,12193 Raley Drive
62
$1,100,000
$1,499,000
26.6%
Est.Price: ?

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8 BD
5 BA
4,771 SqFt

12193 Raley Drive Riverside, CA 92505

Est. payment /mo
SOLD DATE : 05/13/2025

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Key Details

Sold Price $1,100,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 4,771 sqft

Price per Sqft $230

MLS Listing ID OC24056889

Bedrooms 8

Full Baths 5

Year Built 1948

Property Sub-Type Detached

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

Zoning R6W

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Fireplaces Type Other/Remarks

Laundry Gas, Gas & Electric Dryer HU

Exterior

Fence Privacy, Wrought Iron

Pool Private

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

View Y/N Yes

View Mountains/Hills, Panoramic, Valley/Canyon, Rocks, Trees/Woods, City Lights

Roof Type Composition

Building

Story 2

Sewer Conventional Septic

Water Public

Others

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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MLS Router / San Diego MLS
Listed by Mase Abdeshahian Regency Real Estate Brokers
Bought with NONE NONE None MRML

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Richard Combs

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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