33210 OLIVE AVE Winchester CA 92596

Introducing an incredible investment opportunity at 19+ Acres Proposed 60-Unit TM in Winchester, CA. This expansive property offers endless possibilities for development in a prime location. Perfect for a residential community, the proposed 60-unit development is set to provide a sought-after living space in a rapidly growing area. The 19+ Acres present a blank canvas for your next project, with the potential to create a thriving community that caters to modern living needs. The property's strategic location ensures easy access to essential amenities and major transportation routes for added convenience. Don't miss out on this chance to turn your vision into reality with this remarkable parcel of land in Winchester, CA. Whether you're an investor looking for a lucrative opportunity or a developer seeking a new project, this property has it all. Reach out now to explore the endless possibilities that 19+ Acres Proposed 60-Unit TM in Winchester, CA has to offer.

Tentative Map:

• Property qualifies for streamlined entitlement under SB 330.

• Tentative map processing time is expected to be less than a year.

Flood Control:

• Property and surrounding areas require a flood-control structure, Line A.

• Seller and surrounding owners have an easement and cost-sharing agreement for construction.

• Subject property's sole contribution: granting an easement.

• In exchange for the easement:

  • Exempted from design or construction costs of the channel.

  • Excavated dirt will be stockpiled on the property.

• Unique advantage: lowers overall completion costs.

Market:

• Winchester is a thriving, predominantly new home market.

• Major builders include Lennar, D.R. Horton, Meritage, and KB Home.

• Builders sell new homes at a rate of 1.5+ homes per week.

• Early 2020 home prices:

  • Mid-$300,000s to mid-$400,000s.

• Recent home prices:

  • Starting in low $500,000s for homes under 1,400 square feet.

  • Exceeding $900,000 for homes over 4,000 square feet in Lennar's East Menifee community.

• Median home price:

  • Increased from $590,000 (December 2023) to $627,000 (December 2024).