142.79 AC ORGANIC DATE & CITRUS RANCH
OASIS, CA
FEATURES
- Organic date and citrus ranch with various structures & equipment
- Excellent soil for a variety of crops
- Potential for future development with General Plan of Medium Density Residential, which allows 2 to 5 dwelling units per acre on the eastern 41 acres and utilities adjacent to property
- Adjacent to Mountain View & Oasis Gardens Mobile Home Parks
- Located in Oasis, a very desirable farming area in the Coachella Valley
- In Opportunity Zone, providing potential tax benefits
- Affordable & abundant Coachella Valley Water District (CVWD) irrigation water, one of the lowest priced water rates in the state
ASKING PRICE: $4,400,000 ($30,814/AC)
VICINITY MAP
Amenities
- Location: Property is located on the north side of Ave 70, east and west of Harrison St. in Oasis, CA
- Zoning: A-1-10 (Light Ag, 10-acre min. lot size); W-2 (Controlled Development)
- General Plan: MDR (Medium Density Residential, allows 2-5 du/ac); Agriculture
- Current Use: Date Garden & Citrus Grove with storage & packing facility
- Property Size (According to County Assessor’s Information): Approx. 142.79 acres
- APN/Parcel Sizes: 751-280-012 (11.56 acres), 015 (0.25 acres), 751-290-003 (33.55 acres), 004 (13.69 acres), 014 (23.90 acres), 016 (27.42 acres), 018 (32.42 acres)
- Utilities: Electricity: 1 Commercial, 1 Domestic Domestic Water: 30” line on Harrison St Sewer: 10” line on Polk St & Oasis Gardens Dr Irrigation Water: Meter #1920, 7303
- Improvements: Main House is 2,700 SF with 3 bedrooms / 3 baths; Bunk House is 3 bedrooms / 1 bath; 1 Labor house (800 SF); 3,080 SF packing house, 2 machine shops & cold storage
- Soils Type: CpA (Coachella fine sand, 0-2% slopes), CsA (Coachella fine sandy loam, 0-2% slopes), GbA (Gilman fine sandy loam, 0-% slopes), & MaB (Myoma fine sand, 0-5% slopes)
- Terms: Cash; Seller will provide a $25,000 bonus to the Buyer’s Agent upon Close of Escrow.
| Type | # Trees | Year Planted |
| Lemons | 726 | 1983-2015 |
| Tangelo | 819 | 1975-2009 |
| Mandarin** | 50 | 1985 |
| Seville | 1725 | 2010 |
| Sweet Lime | 514 | 2015 & 2021 |
| Ruby | 1,160 | 1978 & 1985 |
| Rio Red | 950 | 2013 |
| Kumquat | 296 | 2015 |
| Tangerine** | 45 | 2009 |
| Medjool | 557 + 300 SHOOTS | 2000-2022 |
| Deglet Noor | 146 + 100 SHOOTS | 2001-2021 |
| Barhi | 280 + 20 SHOOTS | 1973-2023 |
| Zaghloul | 49 + 100 SHOOTS | |
| Total | 7,317 + 520 SHOOTS |
*Tree Counts are approximate.
** Pollinators for Tangelo.
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: 09/08/23 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