Yermo, CA 92398,Address not disclosed
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Yermo, CA 92398,Address not disclosed
Yermo, CA 92398,Address not disclosed
Yermo, CA 92398,Address not disclosed
Yermo, CA 92398,Address not disclosed

$520,000

Est. payment /mo

$999,999

48.0%
Est.Price: ?

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Address not disclosed Yermo, CA 92398

657 Acres Lot

SOLD DATE : 03/09/2021

Key Details

Sold Price $520,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81780280

Sold Date 03/09/21

HOA Y/N No

Lot Size 657.000 Acres

Property Description

HUGE price reduction! Here is an opportunity to purchase two adjoining parcels located along expanding corridor of Interstate 15, located between Calico Blvd & Minneola Rd. within the City of Yermo. The offering includes 854 acres of BAP yearly water rights and 385 carry over from 2018 per Mojave Water Basin. Water rights to transfer with parcels. Water rights in this region are transferred and purchased at a premium and would provide an investor a high cap rate. There is a profitable development opportunity taking into account this highly trafficked thoroughfare between Southern California and Las Vegas and located near the high-speed rail project that has a federally approved corridor between Las Vegas and Victorville, privately funded by Virgin Trains USA. This 657 acre parcel(s) is split zoned RL & RC. Approx. 400 acres is development ready (zoned RL) for Residential Development and a small percent is (zoned RC) for Resource​​‌​​​​‌​​‌‌​‌‌​​​‌‌‌​​‌ Conservation.

Location

State CA

County San Bernardino

Zoning RC

Interior

Fireplace No

Exterior

Fence None

Building

Lot Description Horse Property

Water Other, Well

Others

Tax ID 0538171080000

Horse Property Yes

Financing Cash

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California Regional MLS (CRMLS)
Listed by Danielle Davenport • KW Bay Area Estates
Bought with RECIP • Out of Area Office

Alex Duarte

CEO | i01970077

+1(714) 373-6828

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