113 Napa Rd
Landers, CA 92285
12.50 acres | #OC20239622
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)
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.
Property Details
- Lot DescriptionCornerLot, HorseProperty, IrregularLot, RectangularLot
- CountySan Bernardino
- MLS #OC20239622
- MLS #OC20239622
- ViewMountains
- Property TypePurchase
- Original List Price$199,880
- Utility SourcePublic
- Cost175880
- Acres12.5
- Property SubtypeLand
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Gregg Cochran (#SCOCHGRE)
Listing Office: Gregg Cochran, Broker (#J01805)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
