48.2 AC DATE RANCH
OASIS, CA
FEATURES
- Prime Deglet Noor Date Ranch in the fertile Coachella Valley
- Approximately 2,000 Deglet Noor date trees
- Majority of the trees are 15’ to 20’
- In the Opportunity Zone
- Irrigated with Coachella Valley Water District water, one of the lowest water rate in the state
ASKING PRICE: $1,928,000 ($40,000/AC)
VICINITY MAP
AERIAL & SITE AMENITIES
Amenities
- Location: The property is located at the southwest corner of Avenue 84 and Grant Street in Oasis, CA
- APN/Parcel Size (According to County Assessor’s Information): 737-280-002 (48.2 acres)
- Zoning: SP (Specific Plan)
- General Plan: AG (Agriculture), OS-W (Open Space Water)
- Soils: Ir (Indio fine sandy loam, wet), GcA (Gilman fine sandy loam, wet, 0-2% slopes)
- Irrigation Meter: #7306
- Tile Drain: Yes
- Two adobe structures on the property
PROPERTY PHOTOS
OPPORTUNITY ZONE
Why is investing in an Opportunity Zone better than a 1031 Exchange?
Temporary Deferral: Similar to a 1031 Exchange.
Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation. Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 07/27/23 JC
Susan Harvey, Broker
[email protected]
Mobile: 760.250.8992
Office: 760.360.8200
DRE License #00957590
Ranked #1 in the Coachella Valley for Commercial Real Estate
Paula Turner, Broker
[email protected]
Mobile: 760.578.6564
Office: 760.360.8200
DRE License #00702492