0 Manning Avenue, San Joaquin CA, 93660
(Active)
$810,000
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MLS# 606407
Last Updated: 5/14/2024 10:17 AM
Description for
0 Manning Avenue
San Joaquin, CA 93660
This is a Leasehold Purchase +/-135.21 Ac. - Almond Leasehold Purchase - San Joaquin, CA. Property is located on the south side of Manning Avenue btwn S. Yuba & S. Placer Avenue in San Joaquin, CA.Property is planted to 9th leaf Almonds, which are transitioning to an organic orchard (estimated organic certification is expected within 2024). Trees were planted in March 2015 on Hansen Rootstalk with a spacing of 22′ x 15′.+/-50% Nonpareil+/-25% Monterey+/-25% Wood Colony.Property is located in James Irrigation District and part of James GSA. There is a drip irrigation system in place and weedmats, which offer minimal weed management costs compared to other orchards.Sustainable Groundwater Management Act (SGMA) requires groundwater basins to be sustainable by 2040. SGMA requires a Groundwater Sustainability Plan (GSP) by 2020. Said plans may limit ground water pumping. For more information please visit the SGMA website at www.sgma.water.ca.gov/portal/.RemarksThe purchaser is acquiring the trees ONLY and will be entering into an ongoing lease agreement. The lease duration extends until October 1, 2036, with the inclusion of five (5) one-year extension options. The rental fee is set at $500 per acre, subject to a 2% annual escalation beginning in 2021. Furthermore, bonus rent applies to any income exceeding $4,000 per ac.
Price
$810,000
Fresno
606407
Active
Description
This is a Leasehold Purchase +/-135.21 Ac. - Almond Leasehold Purchase - San Joaquin, CA. Property is located on the south side of Manning Avenue btwn S. Yuba & S. Placer Avenue in San Joaquin, CA.Property is planted to 9th leaf Almonds, which are transitioning to an organic orchard (estimated organic certification is expected within 2024). Trees were planted in March 2015 on Hansen Rootstalk with a spacing of 22′ x 15′.+/-50% Nonpareil+/-25% Monterey+/-25% Wood Colony.Property is located in James Irrigation District and part of James GSA. There is a drip irrigation system in place and weedmats, which offer minimal weed management costs compared to other orchards.Sustainable Groundwater Management Act (SGMA) requires groundwater basins to be sustainable by 2040. SGMA requires a Groundwater Sustainability Plan (GSP) by 2020. Said plans may limit ground water pumping. For more information please visit the SGMA website at www.sgma.water.ca.gov/portal/.RemarksThe purchaser is acquiring the trees ONLY and will be entering into an ongoing lease agreement. The lease duration extends until October 1, 2036, with the inclusion of five (5) one-year extension options. The rental fee is set at $500 per acre, subject to a 2% annual escalation beginning in 2021. Furthermore, bonus rent applies to any income exceeding $4,000 per ac.
Listing Information
| Property Type: Farm, Other | ||
| 135.21 Acres | ||
Neighborhood
School Information
| District: San Joaquin | ||
| San Joaquin | San Joaquin | San Joaquin |
Room Information
Driving Directions
From CA-99 take the Manning Avenue exit west towards San Joaquin, property is located on the southside of Manning avenue between S. Yuba and S. Placer Avenues.
Listing Price History
San Joaquin Real Estate
San Joaquin is located in California. San Joaquin, California 93660 has a population of 3,740.
The median household income in San Joaquin, California 93660 is $38,339. The median household income for the surrounding county is $57,469 compared to the national median of $66,222. The median age of people living in San Joaquin 93660 is 34 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 1/5/2024 | Active | $810,000 USD |
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