33180 Olive, Winchester, CA 92596

• 1,746 sqft

Property Description

Exceptional ±2.92-acre Mixed-Use (MU) investment opportunity located less than 700 feet from Highway 79 in the core of Winchester’s high-growth corridor. This flat, fully usable parcel is strategically positioned amid major retail and expansive residential development, offering immediate functionality and long-term redevelopment potential. With utilities available at the street (power, gas, water, and sewer), this site is ready for a range of development or income-producing uses. The property features a well-maintained 1,746 sq. ft. residence that provides immediate rental or owner-user potential. The 3-bedroom, 1.5-bath home has been substantially upgraded, including a new roof, a 33-panel SunPower solar system generating approximately 10kW, attic and whole-house fans, recessed lighting, and ceiling fans in every bedroom. The kitchen includes custom cabinetry with solid American Walnut butcher block countertops, while the remodeled bath features designer tilework and a cast-iron tub. Enlarged Argon gas premium windows, a wood-burning fireplace, and modern systems enhance overall comfort and efficiency. Site improvements further enhance usability: a large custom-built patio cover with lighting and electrical outlets, concrete walkways around 85% of the home, full perimeter lighting, and an electronic gated entrance with camera security and remote access. In addition, the property includes a 3-stall barn with tack room (under 25’x60’ cover) and a 35’x80’ steel-frame storage structure, ideal for materials storage or business operations. The MU zoning in unincorporated Riverside County allows for exceptional flexibility—permitting residential, commercial, or hybrid live/work applications. Developers and investors will appreciate the site’s potential for subdivision, mixed-use development, or continued hold with income from the existing improvements. Comparable MU parcels in the immediate area indicate strong underlying land value and appreciation trends. This is a rare chance to secure nearly 3 acres of fully usable, mixed-use-zoned land in one of the Inland Empire’s fastest-growing areas—just off Highway 79 and minutes from Winchester Road retail and residential hubs. Perfect for a strategic investor, small-scale developer, or owner-operator seeking an adaptable asset with both immediate income and long-term upside.

Listing Status:

Active

Date Added:

November 6, 2025 at 06:00AM

Listing Office:

Real Broker : 714-660-2122

Listing Agent:

Aaron Zapata : 7144823217

MLS ID:

PW25255552

Interior

• Laundry: InsideLaundry Room
• A/C: Central Air
• Heating: Central

Construction

• Roofing: Composition
• General: 1

Location

• Originating MLS: CRMLS_CRM
• County: Riverside

Lot

• Zoning: 463130006

Utilities

• Water: Public

Financial

• Source: CRMLS_CRM

This listing courtesy of Aaron Zapata, Real Broker