For Sale
$4,500,000

24511 Rice RdDesert Center, CA 92239

88-Acre Desert Oasis, High Income

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 88.1-acre property in Desert Center, CA (APN 811-130-011), presents a unique turnkey investment opportunity. The property boasts a thriving fish farm and a substantial date orchard, generating a reported $870,000 in annual sales and a net income of $610,000, yielding a pro-forma cap rate of 13.56%. The fish farm comprises eight large in-ground ponds (approximately 2.5 acres each), equipped with a paddlewheel aeration system and currently stocked with 180,000 silver carp and catfish. All fish are included in the sale. The date orchard features over 1,000 trees on a flood irrigation system, with approximately 25 acres of undeveloped land available for expansion. The sale includes over $800,000 worth of farm equipment, encompassing trucks, tractors, bulldozers, excavators, backhoes, trailers, plows, and freezer containers. A full-time employee residing on the property is also part of the operation. The property is further enhanced by 320 solar panels with a Southern California Edison net metering agreement. Located conveniently halfway between Los Angeles and Phoenix, this property benefits from its proximity to the Athos solar farm and Chuckwalla Valley Raceway/Airport. Utilities include on-site electric, a septic system, and a well with a large storage tank. The property is zoned W-2-10, with an OS-RUR (Open Space - Rural) General Plan designation. The sale is cash only. Owner training is available. This is a rare opportunity to acquire a highly profitable, established agricultural and commercial operation in a rapidly developing area.

Highlights

  • 88.1-acre property located at 24511 Rice Rd, Desert Center, CA (APN 811-130-011).
  • Zoned W-2-10, OS-RUR (Open Space - Rural) General Plan designation.
  • Utilities include on-site electric, septic system, and well with large storage tank; 320 solar panels with Southern California Edison net metering agreement.
  • Currently operating date farm and fish farm; $870,000 annual sales, $610,000 net income, 13.56% pro-forma cap rate.
  • Cash purchase only; owner financing not available.

Property Details for 24511 Rice Rd

Property type
Land, Farms
Lot Size (sq. ft)
3,837,636 SF

Location Insight

City
Desert Center
County
Riverside
State
California
Latitude
33.7645063
Longitude
-115.3356435
24511 Rice Rd, Desert Center, California

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24511 Rice Rd
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