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Listing Agent: Mase Abdeshahian CalDRE: 02200526 - Regency Real Estate Brokers
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

12193 Raley Drive,  Riverside CA, 92505

(Active)
$1,599,000
|
8 beds, 5 Full baths, 4,771 sqft
|
MLS# OC24056889

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Last Updated: 4/28/2024 12:06 PM
Description for 12193 Raley Drive Riverside, CA 92505
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!
Price
$1,599,000
Riverside
8
5 Full
4,771 (approx)
OC24056889
Active
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!
Listing Information
Property Type: Single Family, 2 Story
8 5 Full
5.68 Acres Assessor 4,771 (approx)
1948 Yes 2
Brick
Slab
Public
Septic Tank
Electricity Connected,Phone Connected,See Remarks,Water Connected
Neighborhood
School Information
District: Riverside Unified
Room Information
Bathrooms: Main Level: 3
5
Main Level: 2, Total: 8
Electric Dryer Hookup,Gas Dryer Hookup
Interior Features
Gas Cooktop,Gas Oven,Gas Range
Concrete
Central Air
Other, Central
No Common Walls
Blinds
1
See Remarks
Safe Emergency Egress from Home
Security Gate
Exterior / Lot Features
0 Covered Parking Spaces, Attached Carport,Circular Driveway,Covered,Carport,Driveway,Driveway Up Slope From Street,Private,RV Access/Parking
Brick
Composition
Private
None
Hill, Mountain, Panoramic, City, Valley, Trees/Woods, Canyon
R1
Privacy,Wrought Iron
Fixer
2-5 Units/Acre,6-10 Units/Acre,Lot Over 40000 Sqft,Rocks,Secluded,Sprinklers Timer,Value In Land
Community Features
Security Gate
Driving Directions
Turn onto Raley dr from Riverwalk, property will be on the right hand side
Financial Considerations
168340001
Cash,Cash to New Loan,Conventional,Cal Vet Loan,1031 Exchange,FHA
Listing Price History

Riverside Real Estate

Riverside is located in California. Riverside, California 92505 has a population of 324,101.

The median household income in Riverside, California 92505 is $71,347. The median household income for the surrounding county is $70,543 compared to the national median of $66,222. The median age of people living in Riverside 92505 is 36 years.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
No information is available for recently sold properties within this search.
Price History
Date Event Price Source
3/26/2024 Active $1,599,000  USD  MLS info
Tax History (Sourced from Public Records)
year Property Taxes Change Tax Assessment Change
2023 $7,006   USD 6.38% $564,822   USD -
2022 $6,586   USD 1.73% $564,822   USD 4.04%
2021 $6,474   USD 1.62% $542,891   USD -
2020 $6,371   USD 1.32% $542,891   USD 1.04%
2019 $6,288   USD 1.40% $537,326   USD 2.00%
Listing Agent: Mase Abdeshahian CalDRE: 02200526 - Regency Real Estate Brokers
crmls logo
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 4/28/2024 12:06 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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