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 it’s 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.
Lease Details
Lease term expires December 31, 2037.
Rent: $10,800 ($600 per acre). No escalators.
Costs: Lessee responsible for all costs in connection to lessee’s operation. Lessor responsible for cost relating to housing/domestic well.
Taxes and Irrigation District Assessment: Lessee responsibility excluding residence.
Deep well Maintenance: Lessee’s responsibility to maintain, however, no obligation to improve beyond the condition at date of assignment.
Assignment subject to lessor approval.
Right of first refusal: Please inquire with agent for more details
Parcel 327-130-22
+/-20 Acres of Nonpareil/Monterey almonds planted in 2022.
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 and 327-130-08
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 at www.sgma.water.ca.gov/portal/.
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.
