Thank you
Mase Abdeshahian
Regency Real Estate Brokers
949-707-4400
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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Total Bedrooms : 8
Total Baths: 5
Full Baths: 5
Water Source : Public
Sewer : Septic Tank
Roof : Composition
Windows: Blinds
Property Appliances: Gas Cooktop,Gas Oven,Gas Range
Fireplace: See Remarks
Flooring: Concrete
Central Air
Air Conditioning
Central
Has Heating
Fireplace Features: See Remarks
Has Fireplace: 1
Year Built: 1948
Construction: Brick,Drywall
Roof: Composition
Slab
Security Gate
Safe Emergency Egress from Home
Private
Electric Dryer Hookup,Gas Dryer Hookup
Privacy,Wrought Iron
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 5.68
Lot Size Source: Assessor
Lot Size Square Feet: 247421
Original List Price: 1,599,000
Listing Contract Date: 2024-03-19
Listing Agreement: Exclusive Right To Sell
Parcel Number: 168340001
Garage Description: Attached Carport,Circular Driveway,Covered,Carport,Driveway,Driveway Up Slope From Street,Private,RV Access/Parking
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 252 - Riverside
Postal Code Plus 4: 3711
Directions: Turn onto Raley dr from Riverwalk, property will be on the right hand side
Zoning: R1
Source Property Type: Residential
Area: 252 - Riverside
Property SubType: Single Family Residence
Property Age: 76
Common Walls: No Common Walls
Property Condition: Fixer
Structure Type: Single Family Residence
Year Built Source: Public Records
Total Square Feet Living: 4771
Entry Level: 1
Entry Location: 1
Levels or Stories: Two
Building Total Stories: 2
Structure Type: House
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
10952 Arlington, Riverside, CA,92505 | $510,000 | -- | -- | -- | 49658 Sqft |
10680 Burton Street, Riverside, CA,92505 | $1,390,000 | -- | -- | 3,664 | 6098 Sqft |
4000 Pierce Street #30, Riverside, CA,92505 | $128,000 | 3 | 2 | -- | -- |
Collett, Riverside, CA,92505 | $1,300,000 | -- | -- | -- | 647301.6 Sqft |
Collett, Riverside, CA,92505 | $1,100,000 | -- | -- | -- | 1327273.2 Sqft |
Rancho Corto Drive, Riverside, CA,92505 | $115,000 | -- | -- | -- | 4700 Sqft |
3701 Fillmore Street #52, Riverside, CA,92505 | $160,000 | 3 | 2 | 1,120 | -- |
3701 Fillmore Street #139, Riverside, CA,92505 | $145,000 | 2 | 2 | 900 | -- |
3701 Fillmore Street #86, Riverside, CA,92505 | $129,000 | 3 | 2 | 960 | -- |
4998 Bushnell Avenue, Riverside, CA,92505 | $695,888 | -- | -- | -- | 99317 Sqft |
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ByOwner last updated this listing 04/28/2024 @ 10:38
MLS: OC24056889
LISTED BY: Mase Abdeshahian, Regency Real Estate Brokers
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.