0 Millux Rd Arvin, CA 93203
This exceptional 938.17-acre agricultural property in Arvin, California, presents a unique investment opportunity. The land is zoned AG and comprises 214 acres of established olive groves (Koroneiki and Arbequina varieties) and 724.17 acres currently used for alfalfa and milo cultivation. The property boasts a robust water infrastructure, including five wells with a combined capacity of approximately 9,318 gallons per minute (GPM), or 41 acre-feet per day. Supporting infrastructure includes booster and filter stations, a water truck fill and return flood line, and a 18-acre-foot reservoir. District water is also available. A significant advantage is the installation of a brand new 1MW solar system, providing substantial energy independence and potential cost savings. The property consists of twelve contiguous parcels (APN numbers: 446-021-01, 446-021-02, 446-021-03, 446-021-05, 446-021-08, 446-021-10, 446-021-12, 446-021-15, 446-021-17, 446-022-02, 446-022-03, 446-022-08), offering flexibility and potential for future development. The asking price is $18,279,000, and the seller is open to considering all offers and may explore short-term financing options at a favorable rate. Located in Kern County, CA, with the address of Millux Rd, Arvin, CA 93203 (35.17535, -118.897683).
Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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