Fallbrook, CA 92028,870 Stewart Canyon

$2,100,000

$2,100,000

Est.Price: ?

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Est. payment /mo

SOLD DATE : 02/28/2020

Key Details

Sold Price $2,100,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Fal

MLS Listing ID 200006059

Sold Date 02/28/20

HOA Y/N No

Property Description

7 separate parcels, appx 59 total acs, 2 separate 2 bed rental homes on own parcels, rent approximately $1700 per month, appx 7,000 healthy productive, profitable avocado trees, 6 wells over 200 gpm, 2" water meter, avocados mostly younger trees production profits will continue to soar, 2018 production over 400,000 lbs, some view parcels, park like setting below, county allows one home and guest home per parcel. Farm management team can stay or train to take over. Subject to boundary adjustment [Supplement]: AVOCADO GROVE BUSINESS Sale includes 7 legal parcels appx 59 total acres 108-340-29-00 (7.51acs) 108-340-30-00 (9.44acs) 108-340-20-00 (10.27acs) 108-350-15-00 (6acs) 108-350-07-00 (10.45acs) 108-350-16-00 (4.45acs) 108-350-18-00 (6.43acs) keep in mind trees are younger, mostly planted last 3-7 yrs, projected production could double in 5 years net income could be in $200-300,000 plus range, not including $3400 monthly from rentals. Contingent on seller completing a boundary adjustment.

Location

State CA

County San Diego

Area 92028 - Fallbrook

Zoning A70

Interior

Fireplace No

Exterior

Fence Partial

Utilities Available Electricity Connected, Propane, Underground Utilities

View Y/N Yes

View Canyon, Park/Greenbelt, Hills, Mountain(s), Panoramic, Valley

Building

Lot Description Gentle Sloping, Steep Slope, Sprinklers Timer, Sprinkler System

Water Well

Others

Senior Community No

Tax ID 1083501500

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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California Regional MLS (CRMLS)
Listed by David Hethorn • Premier Realty Associates
Bought with CRMLS FILL Agent • CRMLS
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 664-4349

shannon@shannonlouis.com

4040 Barranca Pkwy Suite 150, Irvine, CA, 92604

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