24511 Rice Rd Desert Center, CA 92239

Property Details for 24511 Rice Rd

Lot size

88.10 lot acres

Property type

Land

Property subtype

Farms

Description

This exceptional 88.1-acre property in Desert Center, CA (APN 811-130-011), presents a unique turnkey investment opportunity. The property boasts a thriving fish farm and a substantial date orchard, generating a reported $870,000 in annual sales and a net income of $610,000, yielding a pro-forma cap rate of 13.56%. The fish farm comprises eight large in-ground ponds (approximately 2.5 acres each), equipped with a paddlewheel aeration system and currently stocked with 180,000 silver carp and catfish. All fish are included in the sale. The date orchard features over 1,000 trees on a flood irrigation system, with approximately 25 acres of undeveloped land available for expansion. The sale includes over $800,000 worth of farm equipment, encompassing trucks, tractors, bulldozers, excavators, backhoes, trailers, plows, and freezer containers. A full-time employee residing on the property is also part of the operation. The property is further enhanced by 320 solar panels with a Southern California Edison net metering agreement. Located conveniently halfway between Los Angeles and Phoenix, this property benefits from its proximity to the Athos solar farm and Chuckwalla Valley Raceway/Airport. Utilities include on-site electric, a septic system, and a well with a large storage tank. The property is zoned W-2-10, with an OS-RUR (Open Space - Rural) General Plan designation. The sale is cash only. Owner training is available. This is a rare opportunity to acquire a highly profitable, established agricultural and commercial operation in a rapidly developing area.

Location Insight

City

Desert Center

County

Riverside

State

California

Longitude

-115.336

Latitude

33.7645