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Listed by Gregg Cochran • Gregg Cochran, Broker
$ 175,880
Est. payment /mo
Active
113 Napa Rd Landers, CA 92285
544,500 SqFt
UPDATED:
08/21/2024 03:26 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 544,500 sqft
Price per Sqft $0
MLS Listing ID CROC20239622
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 12.500 Acres
Property 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 T
Location
State CA
County San Bernardino
Interior
Fireplace No
Exterior
View Mountain(s)
Building
Lot Description Corner Lot, Irregular Lot
Water Public
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