Bartlett Avenue
Bartlett Avenue El Mirage, California 92301 United States

$33,880
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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...
2.5 Acres
Exterior
Land
Property type
OC21226521
Web Id
OC21226521
MLS ID
Victor Valley Union High
School District
899
days ago

About Bartlett Avenue

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.

Listing Courtesy of Gregg Cochran, Broker, Email/Phone : 949-667-0322

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.

Amenities

  • Mountain View

features

lot description
Level

PROPERTY INFORMATION

Community Info
Rural
View
Desert, Mountains
Water
SeeRemarks

EXTERIOR

Lot Description
LotOver40000Sqft, Level, RectangularLot
Listing Courtesy of Gregg Cochran, Broker, Email/Phone : 949-667-0322
Listing Courtesy of Gregg Cochran, Broker, Email/Phone : 949-667-0322
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