400 N Oakglen Avenue, Nipomo, CA 93444 - Berkshire Hathaway HomeServices California Properties
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400 N Oakglen Avenue, Nipomo, CA 93444

$3,950,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Larry Lahr | info@rinconcorp.com
Lic#: 00935487
Broker: Courtesy of Rincon Corporation

Agent Remarks

Approximately 20 acres of the Property adjacent to the High School has an antiquated, unrecorded underlying 1887 subdivision map. The county uses it in defining the assessor parcels (APNs). The assessor's parcel map is used herein to determine acreage but it only references the lots in the antiquated subdivision map and therefore the acreage for the nonexistent paper streets and alleys are not included in the 99 +/- acres referenced herein.Owned today by direct descendants of the famous Captain Dana who owned the original 1837 Mexican Land Grant, the Property has a long history of irrigated farming. It is currently leased to a grower who has been growing squash and peppers. Currently there are 76 acres leased with rents at 1,500 dollars per acre per year totaling 114,000 dollars annually, with some potential to add additional acreage. The lease expires November 30, 2025. The Property is In the vicinity of other irrigated farming operations, including strawberries, vegetables, avocados and citrus. There is one irrigation well that is reported to produce 450 GPM currently. Water is delivered via a combination of underground and above ground pressurized main lines. There is a cell tower located on the Property which brings in about 22,000 dollars annually with annual increases. The Property is located in the Sphere of Influence of the Nipomo Community Services District. It is not subject to a Williamson Act contract.

Listing Details

Property type: Agricultural (Lots/Land)
Status: Pending
MLS# 25000168
Price: $3,950,000
Beds: 0
Baths: 0
99.00 acres
County: San Luis Obispo
MLS area: 12 - Nipomo

Last Updated: 2/10/2025

 Days On Market (DOM): 105

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This listing belongs to the 12 - Nipomo MLS area

Lat/Long: 35.043519, -120.487597.
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Source: NSB. Also Available in SC25021245,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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