Two Home Site Parcels on Income Producing Olive GrovesTwo separate 2.5 acre developed olive grove home site parcels in scenic area zoned for TWO homes per parcel with water rights. May be sold separately for $220K (Parcel A, mature olive trees) and $190K (Parcel B, younger olive trees) or together for $360K. High value income producing orchard home sites with mountain, snow, and valley views, quiet location, 20 minutes to major shopping and services in Palm Springs, Palm Desert, or La Quinta, with excellent healthcare. All utilities are on the paved road adjoining Lot A, with an easement for access and utilities to Lot B. Surveyed. Irrigation rights through a well agreement at 1/3 share per lot or 2/3 share for both. Lot A consists of mature producing olives inter planted with established one year old trees. Lot B consists of established one year old olive trees. Productive commercial olive varieties with high oil content, all non-pesticide, suitable for both oil or canning. Automatic drip irrigation system, plus Eucalyptus windbreak/privacy screen planted around the six-foot-high perimeter fence. Olive trees are low maintenance and water saving, with high profit potential due to the steady rise in California olive oil prices. An olive oil mill is now conveniently located here in the Coachella Valley for easy oil extraction. No experience needed, current owner lives adjacent and will assist with transition, ongoing consult, or can continue maintenance. For more information search for LBCAS and view the New Crops tab.
SR24044316
Land, Other
Riverside
5
Acres
Agricultural Well,Shared Well
None
Electricity Available,Phone Available,Water Available,Sewer Not Available
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Lot View
- Hill, Mountain, Panoramic, Valley, Desert View, Orchard/Grove
- Lot Dimensions
- 330 X 660
- Zoning
- R-1-1 1/4
- Topography
- Level
- Fence
- Chain Link
- Additional Exterior/Lot Features
- Agricultural,Lot Over 40000 Sqft,Orchard(s),Flat.
Financial Considerations
647260014
Cash
Loading...