-40%
Exceptional So Cal INCOME Property! Currently Leased and Making $$$!
$ 10560
- Description
- Size Guide
Description
Up for sale is a fantastic piece of property that will literally pay you back!This property, APN 476-130-15 in the city of Rosamond, Kern County, California, is 2.5 acres, and approximately 1/3 of it is under the substation for the Avangrid Renewables Manzana Wind Project! What does that mean? That means that the property is currently leased and will continue to be leased for the indefinite future. The wind resource in the area is fantastic due to the topography and this wind project will undoubtedly be around for many decades, if not longer, particularly with California's push to be zero-emission and 100% renewable energy. All of the power generated by the wind project goes through the substation and this piece of property makes up approximately 1/3 of the area of the substation. That means that in all likelihood (I do not have inside information) the lease will be renewed (it would cost millions to move the substation and there's no interest in doing so) and so, the property will pay you every year for the rest of your life. How often can you buy a piece of property where it pays you back in cash? (Okay, you get a check from the company every year...they don't pay in cash...but you get what I mean!)
Not only does the property put money in your pocket, but as a landowner on the wind project, you are able to know that the area is secure, as the project is surrounded by gates and fences (see photos) - and as a landowner, you have full access!
This property is a great base camp for all sorts of outdoor activities, ranging from camping to hunting, exploring, using off highway vehicles like dirtbikes and such, or just relaxing. It's close (approximately 1 mile) to the Pacific Crest Trail, and the land of the wind project ranges from the desert floor all the way up into the mountains. As a bona-fide landowner, you have access to the wind project roads and can travel freely within the site. There's a (approximate) 1 mile improved gravel road that leads to the area of the property (the last few hundred feet is over dirt) and the road (170th Ave) getting to the gravel road is paved. The property itself is approximately 30 minutes from the city of Rosamond and Willow Springs and an hour from the Lancaster/Palmdale area. It is accessed either by Highway 138 or by Rosamond Blvd.
This isn't one of those pieces of land that's out in the middle of nowhere that no one cares about, has no access, and is open to whomever wants to "drop by". This property isn't in the vast miles of vacant desert that make up much of Boron, Edwards, Mojave, and California City that people want to sell you and have you believe is "valuable" land (you can search on here for what I mean). Most of that land is not even accessible, being surrounded by other people's property. In contrast, this is a piece of land that is currently leased, is making money, is SAFE, it's part of a 4,950 acre fenced compound, and is easily accessible to you as a landowner in the project.
Please see the photos in the listing. The green arrow points to the location of the property. The aerial and ground photos (not the google earth ones) were taken by me in 2014, 2016, and during a helicopter survey of the area in 2015.
I am not a land dealer; this is my personal property. All taxes (roughly - a year, depending) have been paid, and the deed is free and clear. There are no "gotchas" or caveats to the property sale. Aside from property taxes, there are no other expenses to pay on or for the property, aside from what taxes you are required by the state/federal government on the lease payments, based on your tax bracket and deductions. I will accept payment for the property by means of bank check or wired funds. I am not interested in providing personal payment plans - you are welcome to use a personal loan to purchase the property, acquired from your own bank. Buyer to pay 0 for paperwork title and deed transfer. I am located in Virginia and will hire a company to conduct the title transfer. I will also assist the buyer with the lease transfer from Avangrid Renewables.
Please note that I cannot warranty or guarantee the future status of the lease as I do not work for Avangrid Renewables and have no inside information. That said, the current lease is set for renewal and renegotiation in the next decade and given the investment that the company has made in this project recently, it is showing no signs of stopping production at any point in the foreseeable future (see the attached scan of "Landowner News" where it discusses "repowering" wind projects and the economic benefits gained by maintaining the known good-producing wind projects, like this one).
Keep in mind that this property is literally at the heart of the project: the owner of this property owns 1/3 of the substation where ALL of the electricity produced by the project leaves the project and goes onto the grid, including the property where the first transmission line pole is located. This isn't some "random" piece of property...without the equipment on this property, the project could not send the produced electricity onto the grid, and they would cease to operate.
Remember, the state of California is pushing to be 60% renewable energy by 2030 and 100% clean energy by 2045. This wind project isn't going anywhere and this exact piece of property is vital for putting this project's renewable electricity onto the grid. And you can be the proud owner of it, something you can pass down to your heirs as part of your ownership portfolio. Now that's an investment property!
Thanks for looking, and good luck!