39 ACRE ORGANIC DATE RANCH
INDIAN PALMS RANCH
COACHELLA VALLEY
FEATURES
- All or Part
- 20.5 AC – 856.47 AC Portfolio of 8 Ranches, (See Offering Memorandum)
- 39-acre organic date ranch
- Approx. 2,548 deglet, zahidi, and exotic date trees on the property
- Located in the community of Oasis within the Coachella Valley. Oasis is known for its fertile soil and warm ground
- Abundant and affordable Coachella Valley Water District (CVWD) irrigation water, one of the lowest water rates in California
- Coachella Valley has one of the earliest harvests in the U.S.
- In Opportunity Zone, with potential tax incentives
- Easy access to Expressway 86
ASKING PRICE: $1,369,200 ($35,000/AC)
VICINITY MAP
Amenities
- Location: Property is located at the southeast corner of Lincoln St & 81st Ave in Oasis, CA
- Zoning: W-2 (Controlled Development)
- General Plan: Indian
- Parcel Size (According to County Assessor’s Information): 39.12 AC
- APN: 737-140-014 (20.09 AC), 015 (19.03 AC)
- Utilities: Reservoir
Irrigation Water: CVWD Meter #50912
Domestic Water: 30” Main Line on Lincoln St & Harrison St
Sewer: No sewer in the area - Tile Drain Lines: No; Open channel drain runs along north boundary of property.
- Tree Count: 2,548
- Soils: CrA (Coachella fine sand, wet, 0-2% slopes), GcA (Gilman fine sandy loam, wet, 0-2% slopes)
TREE COUNTS
| PRE-PRODUCTION | PRODUCING | |
| DEGLETS | 87 | 1,478 |
| ZAHIDI | 129 | 738 |
| EXOTIC | 116 | |
| TOTAL | 216 | 2,332 |
PRODUCTIOn
| DEGLETS | ZAHIDI | EXOTIC | TOTAL | |
| 2021 | 373,275 | 175,000 | 6,391 | 554,666 |
| 2022 | 296,102 | 175,000 | 5,000 | 476,102 |
| 2023 | 290,000 | 175,000 | 17,980 | 482,980 |
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: 10/21/24 JC
Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590
Ranked #1 in the Coachella Valley for Commercial Real Estate
Emily Harvey, Broker
[email protected]
Mobile: 760.636.3500
DRE License #02229612