Property profile

0 Avenue 70 Terra Bella, CA 93270

OFF-MARKET
Land
20.63 ac lot
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Property summary

AI-generated overview

This exceptional 20.63-acre agricultural property, located on Avenue 70 in Terra Bella, California (zip code 93270), presents a unique investment opportunity. The land is zoned AE-10 and features a thriving pistachio orchard, planted in 2013 with the Kerman variety on UCB-1 rootstock. The orchard is served by the Terra Bella Irrigation District. The property's APN is 323-290-012. This offering provides the potential for both agricultural production and residential development, allowing for the construction of a home amidst the picturesque setting. Prospective buyers should be aware of the Sustainable Groundwater Management Act (SGMA) of 2014, which mandates groundwater sustainability by 2040. Groundwater Sustainability Plans (GSPs) are in place, and these may impose limitations on well water pumping. It is strongly recommended that potential purchasers conduct independent due diligence and consult with professionals to fully understand the implications of SGMA and potential groundwater usage restrictions before making an offer. The asking price for this remarkable property is $775,000. Management services are available.

Property profile

Verified
Property type Land
Lot 20.63 ac (898,643 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Avenue 70 Terra Bella, CA 93270
Terra Bella metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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