Property Details
Property Details
Property Details
400 Oakglen, Nipomo, CA 93444
$3,950,000 LOGIN TO SAVE
400 Oakglen, Nipomo, CA 93444
Bedrooms:
Bathrooms:
Area: SqFt.
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.
Features
- 99 Acres
Listing provided courtesy of Larry Lahr of Rincon Corporation. Last updated 2025-01-30 10:18:26.000000. Listing information © 2024 Sandicor.
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 Sandicor®, Inc.
Copyright © 2024 Maldonado Team. All Rights Reserved.
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 Sandicor®, Inc.
Copyright © 2024 Maldonado Team. All Rights Reserved.
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