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Lynn O'Neil
Lynn O'Neil
(310) 261-0798lynnoneil@gmail.com
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  • Beach City Brokers
    431 Main Street
    El Segundo, CA 90277
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    California Regional Multiple Listing Service

    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

    Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

    $33,880
    Off Market

    Bartlett Avenue

    El Mirage, CA 92301
    2.50 acres | #OC21226521
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    Listing OfficeGregg Cochran, Broker
    Type:Purchase
    Structure:Land
    Zone:Residential

    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)<br />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: <br />- Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the investment is sold or exchanged, whichever is earlier.<br />- 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.<br />- Permanent exclusion of taxable income on new gains from the sale or exchange of the investment if held for at least 10 years.<br />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.<br />The parcel allows for various uses such as residential, agricultural, recreational, medical, alternative energy production and more. <br />For more information on Opportunity Zones and their benefits, please visit https://selectsbcounty.com/major-initiatives/opportunity-zone.

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    Legal

    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

    Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

    Last Updated: Today at 1:07 AM. Source: CRMLS

    Provided By
    Listing Agent: Gregg Cochran (#SCOCHGRE)
    Listing Office: Gregg Cochran, Broker (#J01805)

    Lynn O'NeilReal Estate Group
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