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!
Sold for $1,100,000 on 05/13/25
Listing Provided by:
Mase Abdeshahian DRE #02200526 949-743-4186,
Regency Real Estate Brokers,
Amy Taylor DRE #01015533,
Regency Real Estate Brokers
Bought with: None MRML
$1,100,000
12193 Raley Dr, Riverside, CA 92505
8beds
4,771sqft
Single Family Residence
Built in 1948
5.68 Acres Lot
$1,089,500 Zestimate®
$231/sqft
$5,453 Estimated rent
Home value
$1,089,500
$991,000 - $1.20M
$5,453/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 13, 2025 at 05:05pm
Listing Provided by:
Mase Abdeshahian DRE #02200526 949-743-4186,
Regency Real Estate Brokers,
Amy Taylor DRE #01015533,
Regency Real Estate Brokers
Bought with:
NONE NONE, DRE #N/A
None MRML
Source: CRMLS,MLS#: OC24056889
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 3
- Main level bedrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Cooktop, Gas Oven, Gas Range
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Features
- Flooring: Concrete
- Windows: Blinds
- Has fireplace: Yes
- Fireplace features: See Remarks
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 4,771 sqft
Property
Parking
- Parking features: Attached Carport, Circular Driveway, Covered, Carport, Driveway, Driveway Up Slope From Street, Private, RV Access/Parking
- Has carport: Yes
Accessibility
- Accessibility features: Safe Emergency Egress from Home
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Has private pool: Yes
- Pool features: Private
- Spa features: None
- Fencing: Privacy,Wrought Iron
- Has view: Yes
- View description: City Lights, Canyon, Hills, Mountain(s), Panoramic, Rocks, Valley, Trees/Woods
Lot
- Size: 5.68 Acres
- Features: 2-5 Units/Acre, 6-10 Units/Acre, Lot Over 40000 Sqft, Rocks, Secluded, Sprinklers Timer, Value In Land
Details
- Additional structures: Guest House Detached
- Parcel number: 168340001
- Zoning: R6W
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Drywall
- Foundation: Slab
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Phone Connected, See Remarks, Water Connected
Community & neighborhood
Security
- Security features: Security Gate
Community
- Community features: Dog Park, Golf, Park, Street Lights
Location
- Region: Riverside
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,Cal Vet Loan,1031 Exchange,FHA
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2025 | Sold | $1,100,000-26.6%$231/sqft |
Source:  CRMLS #OC24056889 | ||
| 5/1/2025 | Pending sale | $1,499,000-14.3%$314/sqft |
Source: CRMLS #OC24056889 | ||
| 5/16/2022 | Listing removed | -- |
Source:  CLAW #21-105685 | ||
| 11/18/2021 | Listed for sale | $1,750,000+348.7%$367/sqft |
Source:  CLAW #21105685 | ||
| 5/16/2001 | Sold | $390,000$82/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,344 +3.2% | $587,639 +2% |
| 2024 | $7,114 +1.5% | $576,118 +2% |
| 2023 | $7,006 +6.4% | $564,822 +2% |
Find assessor info on the county website
Neighborhood: La Sierra
Nearby schools
GreatSchools rating
- 5/10Phillip M. Stokoe Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10Ysmael Villegas Middle SchoolGrades: 6-8Distance: 1.8 mi
- 7/10Hillcrest High SchoolGrades: 9-12Distance: 1.9 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,089,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,089,500