Homes for sale - 400 N Oakglen AVE, Nipomo, CA 93444

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Larry Lahr • Rincon Corporation

$3,950,000

Est. payment - /mo

99 Sqft Lot

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Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CRSC25021245

Originating Board California Regional MLS

Lot Size 99 Sqft

Property Sub-Type Other Residential Land

Property Description

Approximately 20 acres of the Property adjacent to the High School has an antiquated, unrecorded underlying 1887 subdivision map. The county uses it in defining the assessor parcels (APNs). The assessor's parcel map is used herein to determine acreage but it only references the lots in the antiquated subdivision map and therefore the acreage for the nonexistent paper streets and alleys are not included in the 99 +/- acres referenced herein. Owned today by direct descendants of the famous Captain Dana who owned the original 1837 Mexican Land Grant, the Property has a long history of irrigated farming. It is currently leased to a grower who has been growing squash and peppers. Currently there are 76 acres leased with rents at 1,500 dollars per acre per year totaling 114,000 dollars annually, with some potential to add additional acreage. The lease expires November 30, 2025. The Property is In the vicinity of other irrigated farming operations, including strawberries, vegetables, avocados and citrus. There is one irrigation well that is reported to produce 450 GPM currently. Water is delivered via a combination of underground and above ground pressurized main lines. There is a cell tower located on the Property which brings in about 22,000 dollars annually with annu

Location

State CA

County San Luis Obispo

Area Npmo - Nipomo

Zoning AGR

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Lot Description Agricultural Use

Water Well - Agricultural / Other

Others

Tax ID 090151009

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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400 N Oakglen AVE Nipomo, CA 93444

JLee Broker

Key Details

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