47411 Cottonwood Road, Newberry Springs, CA 92365

About this property

Here is your opportunity to invest in a producing Kerman Pistachio Farm with a 4/3 2000+/- sq. ft ranch house and RV pad on 56 +/- acres in Newberry Springs, CA of San Bernardino. This farm has over 3500 7 years young, producing Kerman Pistachio trees on 40 acres of Cajon Loamy Sand 7e soil. The trees have a long life ahead of them and the production is a cap rate of approx. 7%. The remaining acreage is ready for your expansion and includes a 4 bed 3 bath 2000+/- sq. ft. home, RV pad, and 2500 +/- sq. ft. storage building. The site has a gated entry and perimeter fencing. The well has good production with 3 phase power. Rent out the Ranch house and your cap rate can exceed 8%.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$695,000

Sold October 2023 · listed $759,000, on market June 2023 · MLS #ML81933585 · Source: CRMLS

Listing Agent: Danielle Davenport · Listing Office: KW Bay Area Estates · Contact: (408) 560-9000 · Bought with: RECIP · Out of Area Office

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