506 Bear Mountain Blvd Bakersfield, CA 93307

Location The subject property is located at 506 Bear Mountain Blvd. Bakersfield, CA 93307 on the Northeast corner of Bear Mountain Blvd and Highway 99. Description This opportunity is 37.77 +/- acres on one parcel with surface water deliveries from Kern Delta Water District in the Kern Island service area. This ranch offers great water and soils with high producing almonds in a great location for future development. The property has a 1360 SF single family residence and a 2500 SF metal shop building. Parcel #’s Kern County APNs 185-322-15 Zoning A - Exclusive Agriculture with approximately 11.5 acres designated as HC (Highway Commercial) in the General Plan. Crops Approximately, 34 acres planted to almonds (NP/Monterey) in 2018, spaced at 22’x17’ on drip irrigation. Soil According to USDA California Revised Storie Index, Class 1, 2 & 4 soils; see attached soils map for description. Water & Irrigation This entire ranch lies within the boundaries of and receives contract water from the Kern Island branch of Kern Delta Water District. In addition to the District Water there is a shared well (50/50) with the neighbor that is used for irrigation. SGMA The Sustainable Groundwater Management Act passed in 2014 requires groundwater basins be sustainable by 2040 and requires Groundwater Sustainability Plans (GSP) by 2020. GSPs may limit the amount of well water pumped. For more information go to https://water.ca.gov/Programs/Goundwater-Management/SGMA-Groundwater-Management Price/Terms $2,900,000 ($76,780/acre) cash at close of escrow.