OPPORTUNITY ZONE Area. If you are looking for a lucrative investment opportunity with significant tax benefits, you may want to consider this 40 AC parcel located in an Opportunity Zone area. According to the IRS, Opportunity Zones are economically distressed communities that offer tax incentives to investors who reinvest their capital gains in Qualified Opportunity Funds (QOFs) that invest in these areas. Some of the tax benefits include: - Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the QOF investment is sold or exchanged, whichever is earlier . - Basis step-up of previously earned capital gains invested in QOFs for at least 5 years (10% increase) or 7 years (15% increase). - Permanent exclusion of taxable income on new gains from QOF investments held for at least 10 years. This parcel has many attractive features that make it a prime candidate for development and growth. It is square in shape and flat, making it easy to build on. It has water rights and 50% mineral rights, which are valuable assets that run with the land. It lies along the southern edge of the approved High Desert Corridor (HDC), a 50-mile expressway that will connect Palmdale and Apple Valley with eight vehicle traffic lanes and two high-speed rail lanes. The northern portion of the parcel is adjacent to an on/off ramp site and a train stop for passengers, which will increase accessibility and traffic flow. The HDC project is expected to boost economic activity, create jobs, and enhance mobility in the region. The site also sits atop 2000+ acre feet of water (annually producing per CSUF Study), which is a scarce and precious resource in California. Electricity and natural gas lines are nearby, providing essential utilities for development. This is a rare opportunity to invest in a property with immense potential upside growth and tax advantages. Don't miss this chance to be part of an innovative community development program that aims to revitalize distressed areas and create long-term value for investors.
Property Details
Property Features
Listing Office:
Office Name: Gregg Cochran, Broker
Office Phone: (949) 667-0322
Listing Agent: Gregg Cochran
Exterior Features
Exterior Information:
View: Mountain(s)
Lot Features
Lot Information:
Lot: Corner Lot, Level, Rectangular Lot
Lot Size: 40.00 Acres
Other
Directions Information:
Directions: 1/2 mile west of Sheep Creek Rd on Parkdale Rd, 1/4 mile east of Tanner Rd. Site shares property line with the old Meadow Brook Dairy, now owned by the Phelan Pinon Hills Community Service District.
Price Information
Listing Price Info
Price Summary:
List Price: $1,499,000
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Housing Market Comparison
See how this home compares to others in Adelanto, CA.
This property is $1.0M more than the Median Sold Price in Adelanto, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC18199737
Listing Office:
Office Name: Gregg Cochran, Broker
Office Phone: (949) 667-0322
Listing Agent: Gregg Cochran
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 1/3/2025, 1:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Westside Park Elementary School
18270 Casaba Rd
Distance between this listing and this school7.38 miles
Public District Grades KG-5
2
/10
Theodore Vick School
10575 Seneca Rd
Distance between this listing and this school8.02 miles
Public District Grades KG-5
2
/10
Donald F. Bradach Elementary School
15550 Bellflower St
Distance between this listing and this school8.13 miles
Public District Grades KG-5
Nearby Schools
2
/10
El Mirage School
19250 St Anthony Ave
Distance between this listing and this school4.92 miles
Public District Grades KG-8
5
/10
George Visual and Performing Arts Magnet and Middle School
10650 Bartlett Ave
Distance between this listing and this school6.80 miles
Public Magnet Grades KG-8
2
/10
Columbia Middle School
14409 Aster Rd
Distance between this listing and this school7.94 miles
Public District Grades 6-8
Nearby Schools
4
/10
Adelanto High School
15620 Joshua Rd
Distance between this listing and this school7.00 miles
Public District Grades 9-12
2
/10
Taylion High Desert Academy/Adelanto
11336 Bartlett Ave Ste 9
Distance between this listing and this school7.64 miles
Public Charter Grades KG-12
5
/10
Snowline Academy
9298 Sheep Creek Rd
Distance between this listing and this school10.85 miles
The neighbors living near this home have an average income of $32,260. Typical income of Adelanto, CA residents is less than $35k annually. The majority of families are married, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 0 Parkdale Rd
What is the listing price of this property?
The listing price of 0 Parkdale Rd property is $1,499,000.
What type of property is this?
The property 0 Parkdale Rd is land located in El Mirage, California, 92301.
Is this property for sale now?
Active Listing: 0 Parkdale Rd is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 0 Parkdale Rd in El Mirage, CA and zip code 92301. This home sits on a 40.00 acre lot. It has been listed on Rocket Homes since August 16, 2018 and is currently priced at $1,499,000.
Over 12 listings were sold over their listed price in December 2024 in Adelanto, CA. In the same period over 6 listings were sold below the listed price and 1 listings were sold for the listed price. Between November 2024 and December 2024, Adelanto, CA real estate market has seen increase in the number of listings by 4.6%. In December 2024, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $400,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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