Description
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)
this 2.5ac parcel of flat/level open space land is located in an opportunity zone area, which offers significant tax benefits for investors who reinvest their capital gains in qualified projects. 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 parcel is ideal for investors who are looking for long-term returns and social impact. it is situated in the el mirage area, which has abundant natural resources and potential for economic development. the parcel sits atop the oestre aquifer, which can produce pristine water annually. it also has unobstructed views of the san gabriel mountains and is near the el mirage dry lake. moreover, it is close to a proposed site for a large biomass alternative fuel production facility, which could create jobs and revenue for the community.
the parcel allows for various uses such as residential, agricultural, recreational, medical, alternative energy production and more.
for more information on opportunity zones and their benefits, please visit https://selectsbcounty.com/major-initiatives/opportunity-zone.
Property Type
LandCounty
San BernardinoStyle
LandAD ID
42853987
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Property Details
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 2.5
- Lot Size Source: Assessor
- Lot Size Square Feet: 108900
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Listing Information
Listing Price Information
- Original List Price: 33,880
- Listing Contract Date: 2021-10-12
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 0457161430000
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: ELMG - El Mirage
- Directions: From Sheep Crk Rd, West on Bartlett aprox. 1/2 mile. On SWC of Bartlett and Meridian
- Zoning: RL
- Source Property Type: Land
- Area: ELMG - El Mirage
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 11/21/2024 @ 16:47
- MLS: OC21226521
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 108,900 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Adelanto , in zip code 92301, this San Bernardino County Land are nearby neighborhoods.