2233 South Valentine Avenue, Fresno, CA 93706 - Fresno County

Location

Property is located at 2233 South Valentine Avenue, Fresno, CA.

Size

+/-38 Assessed Acres

Parcel 327-130-08

+/-18 Acre Leasehold Purchase of Independence almonds on Nemaguard rootstock that were planted in 2015.

The following improvements are owned by the lessee: Independence almond trees, irrigation system and its components. Lessee will be entering into an ongoing lease agreement for the land.

Deep well and pump are owned by landowner. Lessee shall have rights to use well for irrigation purposes and per lease agreement.

There is an occupied home located on the northeast corner of this parcel, which is NOT part of the lease and is prorated out of property taxes.

Additional lease details to be disclosed to qualified buyers.

Leasehold Purchase Price: $150,000

Parcel 327-130-22

+/-20 Acres of 3rd leaf Nonpareil/Monterey almonds.

Price: $750,000

Water

Property has two (2) groundwater wells and receives water from Fresno Irrigation District and is part of North Kings GSA. The property is irrigated via a double line drip system.

Legal

Fresno County APN: 327-130-22 (Standard Purchase)

Fresno County APN: 327-130-08 (Leasehold Purchase)

Soil

68.3% Grade 1 Excellent Atwater sandy loam, 3 to 9 percent slopes.

26.0% Grade 1 Excellent Hesperia sandy loam, deep.

5.2% Grade 2 Good Atwater loamy sand, 3 to 9 percent slopes, MLRA 17.

0.5% Grade 2 Good Awater loamy sand, 3 to 9 percent slopes.

Groundwater Disclosure

Sustainable Groundwater Management Act (SGMA) requires groundwater basins to be sustainable by 2040. SGMA requires a Groundwater Sustainability Plan (GSP) by 2020. Said plans may limit ground water pumping. For more information please visit the SGMA website.

Remarks

Property lies within a Qualified Opportunity Zone, creating a great opportunity for a buyer to defer and potentially reduce tax on realized capital gains.