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48.56 ACRES ORGANIC DATE RANCH
LARSON 64 RANCH, COACHELLA VALLEY

48.56 AC Pierce & Ave 64 TH Main Photo
NWC PIERCE ST & AVENUE 64, THERMAL, CA

FEATURES

  • All or Part
  • 20.5 AC – 1,007 AC Portfolio of 11 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
  • All or Part. 20.5 AC – 1,007 AC Portfolio of 11 Ranches, (See Offering Memorandum)

ASKING PRICE: $1,699,600 ($35,000/AC)​

VICINITY MAP

AERIAL & SITE AMENITIES
48.56 AC Pierce & Ave 64 TH Flat Aerial

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

TypeMedjoolDeglet
Count3101,600
Age1228

PRODUCTION​

 3 Yr Average Yield
Deglet164,740
Medjool36,090

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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Disclaimer

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: 03/13/24 JC

Contact

Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590

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Ranked #1 in the Coachella Valley for Commercial Real Estate

DPP-headshots-Emily

Emily Harvey, Broker
[email protected]
Mobile: 760.636.3500
DRE License #02229612