0 Parkdale Road, El Mirage, CA 92301 - Berkshire Hathaway HomeServices California Properties

0 Parkdale Road, El Mirage, CA 92301

$1,499,000 Approx. USD 0 beds, 0 baths

Listing Agent


Gregg Cochran | stcrealestate@MAIL.COM
Lic#: 01135909
Broker: Courtesy of Gregg Cochran, Broker

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# OC18199737
Price: $1,499,000
HOA Fee is $0.00
Beds: 0
Baths: 0
40.00 acres
Lot size: 40.0000
County: San Bernardino
Zoning: RL
Lot description: Corner Lot,Level,Rectangular Lot,Street Level
MLS area: ELMG - El Mirage

Last Updated: 12/16/2024

 Days On Market (DOM): 2451

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This listing belongs to the ELMG - El Mirage MLS area

Lat/Long: 34.574750, -117.589514.
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Source: CRM. Also Available in HD25045145,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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