22060 Olivas Avenue, Nuevo, California 92567, Nuevo, 92567 - 4 bed, 3 bath
22060 Olivas Avenue
Nuevo, California 92567
Property Price
SUMMARY
Analysis of 22060 Olivas Avenue, Nuevo, California 92567 is currently available with a list price of $3,500,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Nuevo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1967, the property has been 'FULLY REMODELED' as stated in the description, and the images confirm extensive, recent updates. The kitchen features modern white cabinetry, light-colored countertops, and contemporary appliances (gas cooktop, range hood). Bathrooms are similarly updated with new vanities, countertops, and fixtures. Throughout the home, there is new LVP/laminate flooring, fresh paint, and updated lighting, indicating that all major interior components are new or virtually new, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Expansive & Versatile Acreage
Over 18 flat, usable acres providing ample space for farming, equestrian pursuits, or various outdoor recreational activities.
- Flexible Zoning & Development Potential
Zoned CR (Commercial, Residential), offering significant future building potential and diverse mixed-use development opportunities.
- Fully Remodeled & Well-Maintained Home
Features a recently remodeled 4-bedroom, 3-bathroom home, ensuring modern comforts and reduced immediate maintenance needs.
CONSRISKS & DEFICIENCIES
- Rural Setting & Proximity to Services
While offering tranquility, the rural location may entail longer travel times to extensive urban amenities, services, or employment centers.
- Development Due Diligence Required
The listing explicitly states buyers must conduct their own due diligence for building potential, indicating potential complexities or uncertainties in realizing full development plans.
- Recent Price Adjustment
A recent price reduction from $3.6M to $3.5M could suggest a slower market absorption rate or an initial overestimation of market value.
About 22060 Olivas Avenue
Incredible opportunity to own 18+ acres flat, usable acres in the growing community of Nuevo- Ideal for those seeking a private retreat with future building potential. Zoned CR (Commercial, Residential) . Nestled at the end of a quiet culdesac, the property features a well maintained 4 bedroom, 3 bathroom home with peaceful views of the surrounding hills and open skies. Enjoy the tranquility of rural living with room for horses, farming, or outdoor recreation, all while being just minutes away from Menifee, Perris (Lake Perris), and Highway 74. Whether you're looking to build upon or live surrounded by wide open space, this unique property offers the best of all worlds. FULLY REMODELED and contains city water use and a well. Buyers to do their own due diligence regarding building potential.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1967
- Lot Size
- 797,148 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1967 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Jan 13, 2026
$3,500,000
Initial Listing
Price Change
Jun 14, 2025
$3,600,000
Initial Listing