58.79 ACRE DATE & CITRUS RANCH
COACHELLA VALLEY

FEATURES

19.55 acres lemons; 24 acres deglets, medjools & zahidis; 15 acres tall medjools
Located in the desirable, warm area of Oasis in the Coachella Valley
Abundant and affordable Coachella Valley Water District (CVWD) irrigation water, one of the lowest water rates in California
Potential future development, given the location at a signalized intersection and across the street from Oasis Elementary School
In Opportunity Zone, providing potential tax incentives

ASKING PRICE: $1,756,250 ($29,873/AC)

VICINITY MAP

Amenities

Location: The property is located at the northeast corner of Fillmore Street and 74th Avenue in Oasis, CA.
APN: 749-270-007 (19.55 AC), 008 (39.24 AC)
Parcel Size (According to County Assessor’s Information): 58.79 acres
Zoning: A-1-10 (Light Agriculture, 10 ac min.)
(Click here for RivCo Zoning Ordinance)
General Plan: Medium Density Residential (Allows 2 – 5 dw/acre)
Utilities:
Domestic Water: 30” main line on Harrison St & Ave 74
Sewer: No sewer in the area
Irrigation Water: Meter #s: 1716, 1298
Current Use: Date & citrus ranch
Tile Drains: Yes; TD-478
Soils: GcA (Gilman fine sandy loam, wet, 0-2% slopes), CrA (Coachella fine sand, wet, 0-2% slopes), GbA (Gilman fine sandy loam, 0-2% slopes)
Agricultural Preserve: No
Comments: Great opportunity to invest in agricultural land in the Opportunity Zone at a signalized corner, 30” Water Line across from elementary school in the rapidly-growing East Coachella Valley.

PARCEL MAP

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: 07/10/23 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