12043 Knoefler Dr, Riverside, CA 92505

Fixer-Upper on Huge Lot with Basement Endless Potential! Welcome to an incredible opportunity with this unique fixer-upper located on a sprawling 30,928 sq ft lot in a desirable neighborhood. Whether youre an investor, developer, or homeowner with vision, this property offers a variety of exciting possibilities. The existing home is a 2-bedroom, 1-bathroom house with a basement and features original wood flooring in the living room, newer tile in the kitchen, and central heating. The detached 2-car garage has been converted into a third bedroom with a closet and additional storage space. Renovate the existing structure and create a charming residence, or take advantage of the massive lot size to expand or rebuild entirely. The neighboring lot has already been successfully subdivided into three new homes, demonstrating the strong development potential of this property. With the proper planning and permits, you could explore similar optionsbuilding multiple homes, a large custom estate, or even an income-producing multi-unit property. The backyard is an open canvasimagine creating your dream garden, installing a pool, or building an ADU or workshop. Theres plenty of room for all your favorite outdoor activities and hobbies. Whether you want privacy, space to grow, or a place to entertain, this lot can accommodate it all. This property is ideal for: Owner-occupants looking to customize a home on a large lot, Developers seeking a profitable project, Investors interested in rental