29.8 ACRE DATE RANCH
VISTA SANTA ROSA, COACHELLA VALLEY
FEATURES
- A rare 29-acre Date Ranch nestled near many high-end country clubs such
as Andalusia, PGA West, and Madison Club & The Coachella Music Festivals - 1 1/4 miles west of Jacqueline Cochran Regional Airport and the Desert
International Horse Park - Abundant and affordable Coachella Valley Water District (CVWD) irrigation
water, one of the lowest water rates in California - In Opportunity Zone, providing potential tax incentives
- Build your own private estate in a wonderful, open country atmosphere, but
close to amenities and shopping - One-half mile to the acclaimed Rancho Polo Equestrian Facility
ASKING PRICE: $1,639,000 ($55,000/AC)
VICINITY MAP
Amenities
- Location: The property is located on the south side of 58th Avenue west of Van Buren Street in Vista Santa Rosa, CA.
- APN: 764-250-010, 011 (19.8 AC); 764-250-014 (10 AC)
- Parcel Size (According to County Assessor’s Information): 29.8 Acres
- Zoning: A-1-20 (Light Ag, 20-acre min. lot size)
- General Plan: Agriculture
- Utilities: Shared Well
Domestic Water: 30” line on Harrison St & Ave 58 (1 1/4 mile east)
Sewer: 18” force main in Ave 58 at property
Irrigation Water: Yes; Meter #1915 - Tile Drains: Yes, TD-321
- Current Use: Date Ranch
- Soils: CrA (Coachella fine sand, wet, 0-2% slopes) & GcA (Gilman fine sandy loam, wet, 0-2% slopes)
- Lease: Leased until 12/31/23
- Terms: Cash
- Structures: Three Old Homes & Old Warehouse – no value being placed on structures
- Comments: Wonderful opportunity to acquire a 29-acre parcel amidst the tranquil date orchards. Located just two miles east of La Quinta, Vista Santa Rosa is home to many high-end equestrian estates and private compounds and is a mere 10-minute drive to the fine dining and shops of Old Town La Quinta. There are four structures on the property, however the structures are run-down and no value is being placed on them.
WHAT IS AN 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.
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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: 07/11/23 JC
Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590
Ranked #1 in the Coachella Valley for Commercial Real Estate
Paula Turner, Broker
[email protected]
Direct: 760.766.0511
Cell: 760.578.6564
DRE License #00702492