Listed by 949-667-0322 - Gregg Cochran - DRE #01135909 - Gregg Cochran, Broker 714-369-0048
$1,499,000 affordable loan icon Calculate Payment

Parkdale Road El Mirage, CA 92301

Down payment assistance icon
Land Residence
Beds
Baths
Sq. Ft.
40 Acre Lot

Property Activity

Time on Site
days
Days on Market
Views
Saves
Last updated on 11/15/2024 12:55 PM
OPPORTUNITY ZONE Area. More information: https://selectsbcounty.com/major-initiatives/opportunity-zone. If you are looking for a lucrative investment opportunity with significant tax benefits, you may want to consider this 40 AC parcel located in an Opportunity Zone area. According to the IRS, O...pportunity Zones are economically distressed communities that offer tax incentives to investors who reinvest their capital gains in Qualified Opportunity Funds (QOFs) that invest in these areas. Some of the tax benefits include: - Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the QOF investment is sold or exchanged, whichever is earlier . - Basis step-up of previously earned capital gains invested in QOFs for at least 5 years (10% increase) or 7 years (15% increase). - Permanent exclusion of taxable income on new gains from QOF investments held for at least 10 years. This parcel has many attractive features that make it a prime candidate for development and growth. It is square in shape and flat, making it easy to build on. It has water rights and 50% mineral rights, which are valuable assets that run with the land. It lies along the southern edge of the approved High Desert Corridor (HDC), a 50-mile expressway that will connect Palmdale and Apple Valley with eight vehicle traffic lanes and two high-speed rail lanes. The northern portion of the parcel is adjacent to an on/off ramp site and a train stop for passengers, which will increase accessibility and traffic flow. The HDC project is expected to boost economic activity, create jobs, and enhance mobility in the region. The site also sits atop 2000+ acre feet of water (annually producing per CSUF Study), which is a scarce and precious resource in California. Electricity and natural gas lines are nearby, providing essential utilities for development. This is a rare opportunity to invest in a property with immense potential upside growth and tax advantages. Don't miss this chance to be part of an innovative community development program that aims to revitalize distressed areas and create long-term value for investors. Continue reading
MLS#
OC18199737
Property Type
Land
Status
Lot Size
40

Receive an email as soon as the price changes

Receive an email

as soon as the price changes
Get Price Alerts
price alerts icon

Get Price Alerts

Don't miss your chance. Receive an email as soon as the price changes.

Notify Me

Get email alerts when
a home price changes

Sign up
view of kitchen

Enter your work address to view actual drive times with traffic for this property.

 

Calculating ...
Here is the weekday INRIX Drive Time from this property to . Change Address

Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Source: Walk Score®

How much home can I afford?

Get prequalified today and learn more.

Get Started

Rental Valuation Estimate

rental value icon
Per Month
See More Trends
Listed by 949-667-0322 - Gregg Cochran - DRE #01135909 - Gregg Cochran, Broker 714-369-0048
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 11/15/2024 12:55 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
Prequalify