El Mirage, CA 92301,0 Parkdale RD
El Mirage, CA 92301,0 Parkdale RD
El Mirage, CA 92301,0 Parkdale RD
El Mirage, CA 92301,0 Parkdale RD
El Mirage, CA 92301,0 Parkdale RD
El Mirage, CA 92301,0 Parkdale RD
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$ 1,499,000
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40 Acres Lot


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$ 1,499,000
Est. payment | /mo
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40 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC18199737

HOA Y/N No

Lot Size 40.000 Acres

Property Description

OPPORTUNITY ZONE Area.
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, Opportunity 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.

Location

State CA

County San Bernardino

Area Elmg - El Mirage

Zoning RL

Interior

Fireplace No

Exterior

Community Features Rural

View Y/N Yes

View Mountain(s)

Present Use Agricultural,Commercial,Residential

Building

Lot Description Corner Lot, Level, Rectangular Lot, Street Level

Water See Remarks

New Construction No

Others

Senior Community No

Tax ID 0457161170000

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner May Carry

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner May Carry

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Gregg Cochran • Gregg Cochran, Broker • 949-667-0322
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0 Parkdale RD