12193 Raley Drive Riverside, CA $ 1,499,000
12193 Raley Drive
$ 1,499,000
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12193 Raley Drive

Riverside, CA, 92505
$ 1,499,000
Bedrooms8 Baths5.0 Sq 4,771

Monthly Estimate*

$ 9,963

Listed by Regency Real Estate Brokers
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Single Family Home for sale in Riverside, CA

for $1,499,000 with 8 bedrooms and 5 full baths. This 4,771 square foot home was built in 1948 on a lot size of 5.68.

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!

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Single Family Active

Price

$ 1,499,000

Bedrooms

8

Full Bath

5

Property Type

Single Family

Taxes

$ 0

Style

SingleFamilyResidence

Lot Size

5.68

Year Built

1948

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

OC24056889

Days on Market

65

Features
General
Sewer SepticTank
Heating Central
Cooling CentralAir
Utilities ElectricityConnected PhoneConnected SeeRemarks WaterConnected
Possession CloseOfEscrow
Roof Composition
Appliances GasCooktop GasOven GasRange
Zoning R1
HOA 0.0
Garage Spaces 0.0
Pool Features Private
Security Features SecurityGate
Construction Materials Brick Drywall
Exclusions Caboos
Year Built 1948
Electric ElectricityOnProperty
View CityLights Canyon Hills Mountains Panoramic Rocks Valley TreesWoods
Stories 2
Levels Two
Property SubType SingleFamilyResidence
Community Features DogPark Golf Park StreetLights
Accessibility SafeEmergencyEgressfromHome
County Riverside
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Other Structures GuestHouse
Special Listing Conditions Standard
Status Active
Directions Turn onto Raley dr from Riverwalk property will be on the right hand side
City Riverside
Entry Location 1
View Y/N Y
Senior Community Y/N N
High School District Riverside Unified
Total Units 2
MLS Area 252 - Riverside
Lot Size Square Feet 247421.0
Private Pool Y
Waterfront Y/N N
Carport Y/N Y
Street Name Raley
Listing Terms Cash CashtoNewLoan Conventional CalVetLoan Item1031Exchange FHA
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing None
Property Condition Fixer
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 58
Structure Type House
Standard Status Active
Occupancy Type Owner
Year Built Source PublicRecords
Tax Lot 0
Property Sub Type Additional SingleFamilyResidence
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Interior
Flooring Concrete
Fireplace Features SeeRemarks
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Blinds
Fireplace Y/N Y
Full Baths 5
Street Suffix Drive
Laundry Features ElectricDryerHookup GasDryerHookup
Total Bedrooms 8
Entry Level 1
Electric On Property Y/N N
Main Level Bedrooms 2
Main Level Bathrooms 3
Total Baths 5
Living Area Units SquareFeet
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Exterior
Fencing Privacy WroughtIron
Parking Features AttachedCarport CircularDriveway Covered Carport Driveway DrivewayUpSlopeFromStreet Private RVAccessParking
Lot Features Item25UnitsAcre Item610UnitsAcre LotOver40000Sqft Rocks Secluded SprinklersTimer ValueInLand
Water Source Public
Total Parking 0.0
Lot Size Area 247421.0
Foundation Details Slab
Spa N
Lot Size Acres 5.68
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 12193
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* Excluded Features
List By
Regency Real Estate Brokers

Broker

(949) 707-4400

Phone

Affordability Calculator

$9,963
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,963
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
278373 Elementary School
272820 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/23/2024$1,499,000 -6.25% Price Down
3/26/2024$1,599,000 Listed Price

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12193 Raley Drive, Riverside, CA, 92505 is a Single Family Home for sale at $1,499,000 with 4,771 sqft and a lot size of 5.68. 12193 Raley Drive has 8 bedrooms, 5.0 baths, and was built in 1948. The property's zip code is 92505 which is in Riverside, CA