El Mirage, CA 92301,0 Bartlett AVE
El Mirage, CA 92301,0 Bartlett AVE
El Mirage, CA 92301,0 Bartlett AVE
El Mirage, CA 92301,0 Bartlett AVE
El Mirage, CA 92301,0 Bartlett AVE
El Mirage, CA 92301,0 Bartlett AVE
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$ 33,880
Est. payment | /mo

2.5 Acres Lot


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$ 33,880
Est. payment | /mo
Save

2.5 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC21226521

HOA Y/N No

Lot Size 2.500 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)

This 2.5AC parcel of flat/level open space land is located in an Opportunity Zone area, which offers significant tax benefits for investors who reinvest their capital gains in qualified projects. 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 parcel is ideal for investors who are looking for long-term returns and social impact. It is situated in the El Mirage Area, which has abundant natural resources and potential for economic development. The parcel sits atop the Oestre Aquifer, which can produce pristine water annually. It also has unobstructed views of the San Gabriel Mountains and is near the El Mirage Dry Lake. Moreover, it is close to a proposed site for a large biomass alternative fuel production facility, which could create jobs and revenue for the community.

The parcel allows for various uses such as residential, agricultural, recreational, medical, alternative energy production and more.

For more information on Opportunity Zones and their benefits, please visit https://selectsbcounty.com/major-initiatives/opportunity-zone.

Location

State CA

County San Bernardino

Area Elmg - El Mirage

Zoning RL

Interior

Fireplace No

Exterior

Community Features Rural

View Y/N Yes

View Desert, Mountain(s)

Building

Lot Description Lot Over 40000 Sqft, Level, Rectangular Lot

Water See Remarks

New Construction No

Others

Senior Community No

Tax ID 0457161430000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Gregg Cochran • Gregg Cochran, Broker • 949-667-0322
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 572-3417

sally@sallybaikrealestate.com

232 W Olive Ave #20, la Habra, California, 90631, USA

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