CA > Nipomo > Nipomo(340)
Nipomo, CA 93444,400 N Oakglen AVE
Nipomo, CA 93444,400 N Oakglen AVE
Nipomo, CA 93444,400 N Oakglen AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,950,000
Est. payment /mo
99 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Pending

Purchase Type For Sale

Subdivision Nipomo(340)

MLS Listing ID SC25021245

HOA Y/N No

Lot Size 99.000 Acres

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 annual increases. The Property is located in the Sphere of Influence of the Nipomo Community Services District. It is not subject to a Williamson Act contract.

Location

State CA

County San Luis Obispo

Area Npmo - Nipomo

Zoning AG

Interior

Fireplace No

Exterior

Community Features Urban

View Y/N Yes

View Neighborhood

Building

Lot Description Agricultural

Water Agricultural Well

New Construction No

Others

Senior Community No

Tax ID 090151009

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Larry Lahr • Rincon Corporation • 805-896-4605

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