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$1,499,000
2340 Days On Site

0 Parkdale Road
El Mirage, CA 92301

For Sale|Land|Active
County:
San Bernardino
Listed by Gregg Cochran of Gregg Cochran, Broker [email protected]
Call Now: (949) 922-5586
Is this the home for you? We can help make it yours.
(949) 922-5586
0 Parkdale Road0 Parkdale Road0 Parkdale Road0 Parkdale Road
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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.

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Listing Snapshot
Price 
$1,499,000
Days On Site 
2340 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
40 Acres
Year Built 
N/A
MLS® Number 
OC18199737
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 years agoPrice changed to $1,499,000
4 years agoListing updated with changes from the MLS®
6 years agoListing first seen on site
General Features
Acres 
40
Additional Property Use 
AgriculturalCommercialResidential
Special Circumstances 
Standard
Water Source 
See Remarks
Zoning 
RL
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Exterior Features
Lot Features 
Corner LotLevelRectangular Lot
View 
Mountain(s)
Waterview 
Mountain(s)
Community Features
Financing Terms Available 
Cash1031 ExchangeOwner May Carry
MLS Area 
ELMG - El Mirage


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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