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Active
113 Napa Rd Landers, CA 92285
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC20239622
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 Tree National Forest, E-Z access from SR 247, nearby services such as: Home Depot, Walmart, local restaurants, world famous Pioneertown, world famous Gubler Orchard Nursery, Big Rock for climbing and less than 1-hr from Palm Springs or the mountain resorts of Big Bear/Lake Arrowhead. You can enjoy th
Location
State CA
County San Bernardino
Direction From Reche/Landers Lane, south on Landers Lane, West on Napa Rd. Corners on Napa & Rainbow (aka Surrey Av)
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 0631061130000
Listed by Gregg Cochran Gregg Cochran, Broker