48.56 ACRES ORGANIC DATE RANCH
LARSON 64 RANCH, COACHELLA VALLEY
FEATURES
- All or Part
- 20.5 AC – 856.47 AC Portfolio of 8 Ranches, (See Offering Memorandum)
- Approx. 1,910 organic date trees located on the property
- Just 1.5 miles to The Thermal Club, an exclusive luxury motorsports track
- Two miles to Jacqueline Cochran Regional Airport
- Easy access to Expressway 86
- In Opportunity Zone, providing potential tax incentives
- Abundant and affordable Coachella Valley Water District (CVWD) irrigation water, one of the lowest water rates in California
ASKING PRICE: $1,699,600 ($35,000/AC)
VICINITY MAP
AERIAL & SITE AMENITIES
Amenities
- Location: The property is located on the northwest corner of Pierce St & Ave 64, Thermal, CA
- APN: 749-040-010 (38.3 AC); 011 (10.26 AC)
- Parcel Size (According to County Assessor’s Information): 48.56 acres
- Zoning: A-1-10 (Light Ag, 10-acre min. lot size)
- General Plan: Agriculture
- Utilities:
Domestic Water: 24” Main Line on Ave 60 & Fillmore St-Pierce St
Sewer: 18” force main line on Pierce St
Irrigation Water: Yes, Meter #3690 - Tile Drain Lines: Yes, TD – 152
- Current Use: Date Ranch
- Soils: GcA (Gilman fine sandy loam, wet, 0-2% slopes), It (Indio very fine sandy loam, wet), GfA (Gilman silt loam, wet, 0-2% slopes)
Tree Counts/AGE
| Type | Medjool | Deglet |
| Count | 310 | 1,600 |
| Age | 12 | 28 |
PRODUCTION
| 3 Yr Average Yield | |
| Deglet | 164,740 |
| Medjool | 36,090 |
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
GALLERY
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: 10/21/24 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
Emily Harvey, Broker
[email protected]
Mobile: 760.636.3500
Office: 760.360.8200
DRE License #02229612