$55,000
Est. payment /mo
New
0 Richardson RD Adelanto, CA 92301
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Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25057560
Originating Board California Regional MLS
Lot Size 9.690 Acres
Property Sub-Type Other Residential Land
Property Description
*** Please read*** Income-Generating 10-Acre Land Lease Opportunity with Solar Company, Prime Land in Adelanto City approximately 3 miles west of City Hall Exceptional investment opportunity! This 10-acre property is currently leased to a solar company, generating $12,000 per year in rental income. The lease term is 20 years, with an option for an additional 20 years. The solar company has a secured contract with LA Power to sell its generated electricity, with payments set to begin on 01/01/2026. However, due to financial delays, LA Power has postponed the electricity connection until 2028 or earlier. During this period, the solar company requests reduced annual payments of $3,000 for 2-3 years. Once the electricity connection is established (expected in 2027 or 2028), the solar company will resume the full $12,000 annual payment and has committed to purchasing the property for $100,000. Seller is offering this 10-acre parcel now for just $55,000-don't miss this incredible opportunity!
Location
State CA
County San Bernardino
Area Adl - Adelanto
Zoning DESB,DESF,LL
Exterior
Utilities Available Other
View Hills, Other, Panoramic
Building
Lot Description Grade - Level
Water Other
Others
Tax ID 3210431020000
Special Listing Condition Not Applicable
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Listed by Mohamad Lababidi • EXP REALTY OF CALIFORNIA INC