1202 Castroville RD, Salinas, CA 93907

$1,299,000

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Listed by Celeste Faraola Perie, 831-239-4646 from Schooner Realty
(If provided) CoList: from

List Price
$1,299,000
Price Change
▼ $13,344 1781308016
MLS#
ML82006514
Status
ACTIVE
Lot Size
2,887,156
Listing Area
Prunedale, Elkhorn, Moss Landing

Property Description

Martella Home Farm is a 20% Partnership Investment Opportunity. The farm has 66.28 Total Cultivated acres, and the family home, which is rented. Located in 4 separate parcel numbers, it is being offered at 20% ownership. The farm has been long-term leased by a local farmer; the current lease is till 2029. This is not a farming opportunity; this is currently a passive investment opportunity. The other 80% is owned by family members. Discover a remarkable investment opportunity at Martella Home Farm, offering a 20% Partnership Investment in a thriving agricultural setting. The unique opportunity allows you to acquire a 20% ownership stake in this tranquil haven, currently leased long-term to a reputable local farmer, ensuring consistent income through 2029. This investment is specifically designed as a passive income opportunity, not a farming venture, making it an ideal choice for those looking to diversify their portfolio. The current five owners are motivated to sell due to an over-dilution of ownership stemming from family circumstances, presenting a rare chance for you to take part in this unique family legacy. With income distributions occurring biannually, you can enjoy a steady return on your investment.

Additional Information

Acres
66.28
Development Status
Farm Land
Fence
Other
Lot Description
Agricultural Use, Grade - Mostly Level
Lot Size
2,887,156
Neighborhood
Prunedale, Elkhorn, Moss Landing
Other Utilities
Public Utilities
Parcel Access
Unpaved Road
Present Use
Agricultural
Sewer
Sewer Connected
Unincorporated Yn
Yes
Zoning
agriculture

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