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Gregg Cochran
Gregg Cochran, Broker
714-369-0048
Buy this fantastic lot using a OTC (One-Time Close) Loan from our strategic partner. Low down payment option with 12-month construction financing which converts to a 30-yr mortgage, all-in-one closing! (Call/Email for more details) If you are looking for an Opportunity Zone designated property with plenty of space and potential, look no further than this 12.5 combined acres in Landers, California. According to the IRS, Opportunity Zones provide three main tax benefits: - Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the investment is sold or exchanged, whichever is earlier. - Step-up in basis for previously earned capital gains invested, which reduces the amount of taxable gain by 10% if held for at least 5 years and by 15% if held for at least 7 years. - Permanent exclusion of taxable income on new gains from the sale or exchange of the investment if held for at least 10 years. This property consists of three parcels: a 2.5-acre lot and two 5-acre lots with water meters on each. The parcel has its own Joshua Trees and unobstructed views of the surrounding mountains and clear skies a night for star gazing and meteorite spotting. This area is undergoing a revival as investors and visitors flock to the nearby attractions of Joshua Tree National Forest, E-Z access from SR 247, nearby services such as: Home Depot, Walmart, local restaurants, world famous Pioneertown, world famous Gubler Orchard Nursery, Big Rock for climbing and less than 1-hr from Palm Springs or the mountain resorts of Big Bear/Lake Arrowhead. You can enjoy the peace and tranquility of the desert while being close to amenities and services. The property is also near the Landers US Post office, Landers Elementary School and Reche Rd., a major east-west corridor. Don't miss this chance to own a piece of land in an opportunity zone with great potential for development or personal use. OPPORTUNITY ZONE Area. More information: https://selectsbcounty.com/major-initiatives/opportunity-zone. * No assigned street address. Numerical reference is part of the APN.
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 12.5
Lot Size Source: Assessor
Lot Size Square Feet: 544500
Original List Price: 175,880
Listing Contract Date: 2020-11-12
Listing Agreement: Exclusive Right To Sell
Parcel Number: 0631061130000
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: DC591 - Landers
Directions: From Reche/Landers Lane, south on Landers Lane, West on Napa Rd. Corners on Napa & Rainbow (aka Surrey Av)
Zoning: HV/RL
Source Property Type: Land
Area: DC591 - Landers
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Sunny Slope Road, Landers, CA,92285 | $599,000 | -- | -- | -- | 834174 Sqft |
58088 Winters Road, Landers, CA,92285 | $115,000 | -- | -- | -- | 435600 Sqft |
1722 N Deer Trail, Landers, CA,92285 | $200,000 | 3 | 2 | 1,200 | 108900 Sqft |
Stearman/yucca Mesa Rd, Landers, CA,92285 | $49,500 | -- | -- | -- | 217800 Sqft |
Camulous Road & Sage Av.., Landers, CA,92285 | $34,400 | -- | -- | -- | 86684.4 Sqft |
62940505 Reche Road, Landers, CA,92285 | $50,000 | -- | -- | -- | 84942 Sqft |
5900 Kickapoo Trail, Landers, CA,92285 | $35,000 | -- | -- | -- | 217800 Sqft |
55590 Valley View, Landers, CA,92285 | $80,000 | 2 | -- | 396 | 108900 Sqft |
Near Manzanita Dr, Landers, CA,92285 | $17,500 | -- | -- | -- | 217800 Sqft |
Near Old Woman Springs Rd, Landers, CA,92285 | $9,500 | -- | -- | -- | 108900 Sqft |
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ByOwner last updated this listing 05/08/2024 @ 16:14
MLS: OC20239622
LISTED BY: Gregg Cochran, Gregg Cochran, Broker
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.