39.55 ACRES FARMGROUND FOR LEASE
VISTA SANTA ROSA, CA
FEATURES
- Prime warm farmground
- First year rent free in exchange for cleanup
- Tiled
- Low cost Coachella Valley Water District (CVWD) canal water
LEASE RATE: $400/AC/YR
VICINITY MAP
Amenities
- Location: Property is located on the west side of Jackson St and just north of Ave 60 in Vista Santa Rosa, CA
- Zoning: A-1-20 (Light Agriculture, 20-acre min. lot size)
- General Plan: Agriculture
- APN: 764-240-008
- Parcel Size: 39.55 acres
- Tiled: Yes, TD-349
- AgPreserve: Not In
- Soils: GcA (Gilman fine sandy loam, wet, 0 to 2% slopes), It (Indio very fine sandy loam, wet)
- Irrigation: Yes, Meter #1507
- Utilities:
Electric: In Street
Domestic Water: 16’ DIP on Ave 60 & E Monroe St
Sewer: 12” Line on Ave 60 & E Monroe St
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: 06/05/24
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