0 Parkdale Road

Adelanto, CA 92301

$1,499,000
Price
1,742,400 / 40
Lot Size / Acres
unknown
a view of beach and ocean
a view of a dry yard with lots of trees
a view of ocean and beach
a view of ocean view with beach
a view of beach and ocean
a view of ocean and mountain
a view of beach and ocean
unknown

Description

OPPORTUNITY ZONE Area. If you are looking for a lucrative investment opportunity with significant tax benefits, you may want to consider this 40 AC parcel located in an Opportunity Zone area. According to the IRS, Opportunity Zones are economically distressed communities that offer tax incentives to investors who reinvest their capital gains in Qualified Opportunity Funds (QOFs) that invest in these areas. Some of the tax benefits include: - Temporary deferral of taxes on previously earned capital...OPPORTUNITY ZONE Area. If you are looking for a lucrative investment opportunity with significant tax benefits, you may want to consider this 40 AC parcel located in an Opportunity Zone area. According to the IRS, Opportunity Zones are economically distressed communities that offer tax incentives to investors who reinvest their capital gains in Qualified Opportunity Funds (QOFs) that invest in these areas. Some of the tax benefits include: - Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the QOF investment is sold or exchanged, whichever is earlier . - Basis step-up of previously earned capital gains invested in QOFs for at least 5 years (10% increase) or 7 years (15% increase). - Permanent exclusion of taxable income on new gains from QOF investments held for at least 10 years. This parcel has many attractive features that make it a prime candidate for development and growth. It is square in shape and flat, making it easy to build on. It has water rights and 50% mineral rights, which are valuable assets that run with the land. It lies along the southern edge of the approved High Desert Corridor (HDC), a 50-mile expressway that will connect Palmdale and Apple Valley with eight vehicle traffic lanes and two high-speed rail lanes. The northern portion of the parcel is adjacent to an on/off ramp site and a train stop for passengers, which will increase accessibility and traffic flow. The HDC project is expected to boost economic activity, create jobs, and enhance mobility in the region. The site also sits atop 2000+ acre feet of water (annually producing per CSUF Study), which is a scarce and precious resource in California. Electricity and natural gas lines are nearby, providing essential utilities for development. This is a rare opportunity to invest in a property with immense potential upside growth and tax advantages. Don't miss this chance to be part of an innovative community development program that aims to revitalize distressed areas and create long-term value for investors.
  1. Listed by REALTOR DOTCOM • DRE #01135909 • Brokerage DRE #01135909 • Gregg Cochran, Broker

Property Details for 0 Parkdale Road

City Postal ID
ADELANTO (92301)
LISTING UPDATED: 11/20/2024 09:15 PM

Property Details for 0 Parkdale Road

StatusActive
MLS #OC18199737
Days on Market2296
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size40.00 AC
CountySan Bernardino County

Building Information for 0 Parkdale Road

Lot Size40.00 AC

Property Information for 0 Parkdale Road

Summary Information
Property and Location
  • System ID: 301845943
  • Class: LOT/LAND
  • Street Number Numeric: 0
  • Street Name: Parkdale
  • Directions To Property: 1/2 mile west of Sheep Creek Rd on Parkdale Rd, 1/4 mile east of Tanner Rd. Site shares property line with the old Meadow Brook
HOA and Fees
  • Home Owner Fees: $0
Supplement
  • Supplement: OPPORTUNITY ZONE Area. If you are looking for a lucrative investment opportunity with significant tax benefits, you may want to consider this 40 AC parcel located in an Opportunity Zone area. According to the IRS, Opportunity Zones are economically distressed communities that offer tax incentives to investors who reinvest their capital gains in Qualified Opportunity Funds (QOFs) that invest in these areas. Some of the tax benefits include: - Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the QOF investment is sold or exchanged, whichever is earlier . - Basis step-up of previously earned capital gains invested in QOFs for at least 5 years (10% increase) or 7 years (15% increase). - Permanent exclusion of taxable income on new gains from QOF investments held for at least 10 years. This parcel has many attractive features that make it a prime candidate for development and growth. It is square in shape and flat, making it easy to build on. It has water rights and 50% mineral rights, which are valuable assets that run with the land. It lies along the southern edge of the approved High Desert Corridor (HDC), a 50-mile expressway that will connect Palmdale and Apple Valley with eight vehicle traffic lanes and two high-speed rail lanes. The northern portion of the parcel is adjacent to an on/off ramp site and a train stop for passengers, which will increase accessibility and traffic flow. The HDC project is expected to boost economic activity, create jobs, and enhance mobility in the region. The site also sits atop 2000+ acre feet of water (annually producing per CSUF Study), which is a scarce and precious resource in California. Electricity and natural gas lines are nearby, providing essential utilities for development. This is a rare opportunity to invest in a property with immense potential upside growth and tax advantages. Don't miss this chance to be part of an innovative community development program that aims to revitalize distressed areas and create long-term value for investors.
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size Source: Assessor Record
  • Topography: Level
  • Site: Corner Lot
  • Assessments: N/K
  • Assessors Parcel Num: 0457161170000

Property History for 0 Parkdale Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 0 Parkdale Road

This home is within Victor Valley Union High School District.
Rating
School
Type
Grades
Distance
El Mirage
Public - K to 8
Adelanto High School
Public - 9 to 12
George Visual and Performing Arts Magnet and Middle School
Public - K to 8
Taylion High Desert Academy
Charter - K to 12
Rating
School
Distance
El Mirage
PublicK to 8

Adelanto High School
Public9 to 12

George Visual and Performing Arts Magnet and Middle School
PublicK to 8

Taylion High Desert Academy
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 0 Parkdale Road, Adelanto, CA 92301

0 Parkdale Road is a 40 ac of land for sale in Adelanto, CA 92301. This property was listed for sale on August 15, 2018 by Gregg Cochran, Broker, it's currently listed at $1,499,000. It has been on the market for a total of 2296 days and was last sold on May 3, 2024. This listing's school districts are Victor Valley Union High School District, Adelanto Elementary School District. Nearby schools include El Mirage, Adelanto High School and George Visual and Performing Arts Magnet and Middle School. 0 Parkdale Road is a 0-bed, 0-bath, 40 ac of land on a 1,742,400 sq. ft. / 40 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gregg Cochran, Broker, REALTOR DOTCOM, DRE #01135909

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.