Pearson Realty

35 acs. Laguna Almonds Leasehold

$525,000

Riverdale, CA

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Status: Sale Pending
Acres: 35±
Price Per Acre: $15,000


Description

A unique opportunity for a buyer to purchase the leasehold assets of a 35± acre producing almond orchard and take assignment of an existing lease agreement on a 10% annual crop share which expires in 2039


Location

The south side of Laguna Avenue, 1/4 mile west of Walnut Avenue. Approximately 1 1/2 miles southeast of the city of Riverdale.


Legal

055-071-32s


Water

Laguna Irrigation District (1) irrigation pump & well Mini-sprinkler irrigation.


Zoning

AE-20 (Agricultural Exclusive, 20 ac. minimum parcel size). The property is not subject to the Williamson Act.


Comments

The Buyer is purchasing only the leasehold assets owned by the Seller and assuming the Seller’s rights through an assignment of the existing lease agreement.

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