Property Details
About this Property
OPPORTUNITY ZONE Area. More information: https://selectsbcounty.com/major-initiatives/opportunity-zone. 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
MLS Listing Information
MLS #
CROC18199737
MLS Source
California Regional MLS
Days on Site
2283
Lots & Land Information
Lot Description
Grade - Level
Parking, School, and Other Information
Water
Other
HOA Fee
$0
Zoning
PRKG, LWS, LSR, LL
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
0 Parkdale Rd is in El Mirage, CA 92301. This Land is currently priced at $1,499,000. This address can also be written as 0 Parkdale Rd, El Mirage, CA 92301.
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This listing information is up-to-date as of August 20, 2024. For the most current information, please contact Gregg Cochran, (949) 667-0322
