5.7 Acres of Residential Land with Home for Sale in Riverside, California
12193 Raley Dr, 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!
Directions
Turn onto Raley dr from Riverwalk, property will be on the right hand side
Property details
- County
- Riverside County
- Zoning
- R1
- Elevation
- 988 feet
- MLS Number
- MRMLS OC24056889
- Date Listed
Parcels
- 168340001
Detailed attributes
Listing
- Type
- Residential
- Subtype
- Single Family Detached
Lot
- Views
- Canyon, City, Hills, Mountain, Panorama, Valley
- Features
- Sprinkler System
Structure
- Stories
- 2
- Materials
- Brick
- Roof
- Composition Shingle
- Cooling
- Central A/C
- Heating
- Central Furnace
Exterior
- Parking
- RV
- Features
- Pool
Interior
- Rooms
- Bedroom x 8, Full Bath x 5
- Floors
- Concrete
- Appliances
- Cooktop - Gas, Oven - Gas, Range - Gas
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Mar 26, 2024 | New listing | $1,599,000 | — | MRMLS |