113 Napa Rd, CA

$175,880

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544,500

Square feet

12.50

Acres

About 113 Napa Rd

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

Features of 113 Napa Rd

MLS® # OC20239622
Price $175,880
Square Footage 544,500
Acres 12.50
Type Lot / Land
Status ACTIVE

Community Information

Address 113 Napa Rd
Area LANDERS (92285)
County San Bernardino
State CA
Zip Code 92285

Amenities

Is Waterfront No

Exterior

Lot Description Corner Lot

Additional Information

Date Listed November 12th, 2020
Days on Market 1268
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGregg Cochran, Broker

Listing Map

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