5 AC RANCH LAND ON OASIS SLOPE
BEAUTIFUL 360° VIEWS
FEATURES
- Ideal for ranch home 30 minutes from Interstate 10
- Adjacent to proposed Travertine Pointe, a 5,451 acre master
planned community - Fabulous 360 degree views of the Santa Rosa Mountains
- Salton Sea is currently undergoing restoration efforts
ASKING PRICE: $95,000 ($19,000/AC)
VICINITY MAP
Amenities
- Location: The property is located at the south side of Avenue 83
(unimproved road), just west of the old Highway 82 in the unincorporated area of Oasis, CA. - Zoning: W-2 (Controlled Development)
- General Plan: AG (Agricultural)
- Current Use: Vacant Desert Land
- Parcel Size: 5 acres (335’ x 650’)
- APN: 755-310-023
- Thomas Guide: 5772 C3
- Adjacent Uses: Vineyards & Open Desert
- Multi Species Conservation Area: Yes, Santa Rosa and San Jacinto
Mountains Conservation Area - Irrigation Water: Not in the CVWD Water District
- Soil Type: CcC – Carrizo Stony Sand, 2-9% slopes; RU – Rubble Land
- Topo: Gradual Sloping
- Terms: Cash
- Comments: Great opportunity to acquire property which offers spectacular views. Build your ranch and enjoy the tranquility Oasis has to offer. Property has no recorded easement.
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: 12/05/22 #1938 JC
Paula Turner, Broker
[email protected]
Direct: 760.766.0511
Cell: 760.578.6564
DRE License #00702492
Ranked #1 in the Coachella Valley for Commercial Real Estate
Susan Harvey, Broker
[email protected]
Cell: 760.250.8992
DRE License #00957590