33180 Olive, Winchester, California 92596, Winchester, 92596 - 3 bed, 2 bath

33180 Olive, Winchester, California 92596 home-pic-0
ACTIVE$1,100,000
33180 Olive, Winchester, California 92596
3Beds
2Baths
1,746Sqft
127,195Lot
Year Built
1970
Close
-
List price
$1.1M
Original List price
$1.15M
Price/Sqft
$630
HOA
-
Days on market
-
Sold On
-
MLS number
PW25250912
Home ConditionGood
Features
Good View: Hills, Mountain(s)
Patio
ViewHills, Mountain(s)

About this home

We found 3 Cons,6 Pros. Rank: price - $1.10M(99th), sqft - 1746(19th), beds - 3(32th), baths - 2(20th).

Prime ±2.92-acre Mixed-Use (MU) opportunity located less than 700 feet from Highway 79 in the heart of Winchester’s rapidly expanding growth corridor. This flat, fully usable parcel offers the perfect balance of immediate functionality and long-term redevelopment potential. Surrounded by major retail centers and extensive new residential communities, the property enjoys outstanding visibility, accessibility, and upside. The existing 1,746 sq. ft. residence features 3 bedrooms and 1.5 baths with numerous upgrades and a 2 garage. Recent improvements include a new roof, a high-efficiency SunPower solar system (33 panels producing approximately 10kW), attic and whole-house fans, recessed lighting, and ceiling fans in every bedroom. The remodeled bath showcases custom tilework and a cast-iron tub. The spacious kitchen features solid American Walnut butcher block countertops, custom built-in cabinetry, and modern finishes. Enlarged Argon gas premium windows with custom blinds enhance natural light and energy efficiency. Additional features include a wood-burning fireplace, a dedicated laundry room, and a maintained septic system. Outdoors, enjoy a massive custom patio cover complete with ceiling fans, lighting, and electrical outlets—ideal for entertaining or relaxing. Concrete hardscape surrounds roughly 85% of the home, complemented by 360-degree exterior lighting. The property is fully fenced with two electronic gated entrances, security cameras, and remote access for added privacy and peace of mind. In addition to the home, the property includes a 3-stall barn with tack room under a 25’x60’ cover and a 35’x80’ steel-frame storage structure—providing abundant space for equipment, vehicles, or future use flexibility. All major utilities—power, gas, water, and sewer—are available at the street. Zoned Mixed-Use (MU) in unincorporated Riverside County, this property accommodates a range of possibilities including residential, commercial, or hybrid live/work applications. Whether for immediate occupancy, income generation, or strategic land investment, this site presents an exceptional opportunity in one of the region’s most desirable and fastest-growing areas.

Nearby schools

3/10
Winchester Elementary School
Public,K-50.2mi
2/10
Rancho Viejo Middle School
Public,6-85.8mi
4/10
Tahquitz High School
Public,9-125.9mi
1/10
Aspire Community Day
Public,7-127.4mi

Price History

Date
Event
Price
11/07/25
Price Change
$1,100,000
11/06/25
Listing
$1,150,000
04/25/17
Sold
$307,000
05/28/04
Sold
$438,000
Condition Rating
Good

Despite being built in 1970, this property has undergone extensive recent renovations that bring its condition to a 'Good' standard. Key updates include a new roof, a high-efficiency SunPower solar system, and enlarged Argon gas premium windows, significantly improving major systems and energy efficiency. The kitchen features modern finishes with solid American Walnut butcher block countertops, custom built-in cabinetry, and stainless steel appliances. The bathroom has been remodeled with custom tilework and modern fixtures. Recessed lighting and ceiling fans are present throughout. While some flooring (like the terracotta-style tile) may not be brand new, the property is move-in ready with well-maintained systems and updated key areas, aligning with the criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 127195, living area = 1746.
Mixed-Use Zoning & Development Potential: The property's Mixed-Use (MU) zoning offers exceptional flexibility for residential, commercial, or hybrid live/work applications, maximizing its long-term investment and redevelopment potential.
Prime Location & Accessibility: Strategically located less than 700 feet from Highway 79 in Winchester's rapidly expanding growth corridor, ensuring outstanding visibility, accessibility, and future upside.
Expansive & Usable Land: A flat, fully usable ±2.92-acre parcel provides ample space for diverse development projects, agricultural use, or significant expansion.
Significant Energy-Efficient Upgrades: The residence features a new roof, a high-efficiency 10kW SunPower solar system, and enlarged Argon gas premium windows, significantly reducing operating costs and enhancing modern appeal.
Robust Infrastructure & Outbuildings: Includes a 3-stall barn, a large 35'x80' steel-frame storage structure, and all major utilities (power, gas, water, sewer) available at the street, supporting immediate use and future development.

Cons

Age of Existing Residence: Built in 1970, the core structure of the residence is over 50 years old, which may imply potential for unseen issues or require more extensive renovations for modern tastes despite recent upgrades.
Modest Residential Footprint: The 1,746 sq. ft. residence with 3 bedrooms and 1.5 baths is relatively modest for a nearly 3-acre parcel, potentially underutilizing the land's full residential or commercial development potential.
Existing Septic System: While maintained, the current reliance on a septic system for the residence could be perceived as less desirable than a full municipal sewer connection for some buyers or future commercial applications, despite sewer being available at the street.

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