8.64 - 37.69 AC RANCH LAND AVAILABLE

CITY OF LA QUINTA SPHERE OF INFLUENCE

Features

  • Four Lots to choose from
  • In an area of many equestrian estate and 5 miles from the acclaimed HITS Horse Show
  • 5 miles from PGA West & The Palms
  • Wonderful open country atmosphere, but close to all conveniences

Asking Price: From $500,000/EACH

COACHELLA VALLEY

VICINITY MAP​

AERIAL AND SITE PLANS

SITE AMENITIES​

  • Location: The two lots are located on the North side of Avenue 62, just west of Jackson St. in Vista Santa Rosa, CA.
  • Zoning: A-1-10 (Light Agriculture, 10 acre min. lot size)
  • General Plan: AG (Agriculture)
  • APN: 764-300-014 (10.06 ac); 764-300-015 (9.67 ac); 764-300-016 (8.64 ac); 764-300-017 (9.32 ac)
  • Total Parcel Size: 37.69 Acres
  • Site Improvements: Former lake at the middle of the two lots.
  • Utilities: Electrical: Ave 62; Domestic Water: N/A;
    Sewer: 33’ sewer main on Ave 62; Irrigation/Canal Water: Yes
  • Current Use: Leased for cattle grazing & green waste recycle. Leased with cancellation provisions.
  • Potential Use: Ranch, Cannabis Cultivation
  • Adjacent Use: Farmground, Indian Jurisdiction Land (south)
  • Earthquake Fault Zone: No
  • Soils: It-Indio very fine sandy loam, wet; Ir-Indio fine sandy loam, wet
  • Opportunity Zone: Yes
  • Terms: Cash

SITE PLANS

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.

For More Information Please Visit:

DesertPacificProperties.com/OpportunityZone

082219 DM

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.

Paula Turner, Broker
paula@dppllc.com
Mobile 760-578-6564
Office 760-360-8200
DRE #00702492

Contact our Team for more details

Ranked #1 in the Coachella Valley
for Commercial Real Estate

Susan Harvey, Owner
susan@dppllc.com
Mobile 760-250-8992
Office 760-360-8200
DRE License #00957590