5 Acre California Property Pays an Income
5 Acre California Property Pays an Income
If you are looking for a revenue producing investment in land, look no more. With this Kern County California property, you will start earning immediately. The 5 acre parcel has an existing solar lease in place that pays the owner a periodically increasing income.
This just isn't another property with "potential." This parcel has been paying the owner for 5 years. The lease started in 2017 with quarterly payments. Every payment has been made on time. The first increase was in 2020 and the next bump up goes into effect in 2024, where the owner will receive $2000 each year if operations are under way.
This cleared and flat land is also buildable. A well and septic would have to be installed.
Taxes are only $145.17 so if you do nothing else you have a positive cash flow property.
Located 13 miles outside of Rosamond and 26 miles from Lancaster...
Located 13 miles outside of Rosamond and 26 miles from Lancaster, CA.
GPS: 34.898, -118.3541
Cash only for this one. No Owner Financing
This is the only one of these properties we have available.
From elevation to risk assessment
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Research Parcel InformationDirections
From Rosamond, Take W Rosamond Blvd and go west 10 miles
Turn right onto 120th St W and go 2 miles
Turn left onto Hamilton Rd and go .5 miles
Turn right onto 125th St W and subject property will be on the left.