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.
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.
Property Details
Price:
$33,880
MLS #:
OC21226521
Status:
Active
Baths:
0
Address:
0 Bartlett Avenue 0457161430000
Type:
Land
Neighborhood:
elmgelmirage
City:
El Mirage
Listed Date:
Oct 12, 2021
State:
CA
ZIP:
92301
Lot Size:
108,900 sqft / 2.50 acres (approx)
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Rural
Lot Features
Lot Over 40000 Sqft, Rectangular Lot, Level
View
Desert, Mountain(s)
Water Source
See Remarks
Financial
Association Fee
0.00
Map
Community
- Address0 Bartlett Avenue 0457161430000 El Mirage CA
- AreaELMG – El Mirage
- CityEl Mirage
- CountySan Bernardino
- Zip Code92301
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Courtesy of Gregg Cochran, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
0 Bartlett Avenue 0457161430000
El Mirage, CA
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