$7,500,000

Lemon/Avocado Grove This property with level topography has a strategic location with frontage along both Highway 118 (L.A. Avenue) and Balcom Canyon Road, positioned just outside the City of Moorpark. The dual road frontage provides excellent access and visibility, which is particularly valuable for agricultural operations requiring transportation of goods and equipment.Climate and Growing Conditions: Property is subject to Bankruptcy Court Approval and Overbid.The property benefits from Ventura County's Mediterranean climate, which is characterized by mild winters, warm summers, and limited rainfall. This climate is ideal for diverse agricultural pursuits, particularly for high-value crops like avocados, which are being grown on the property. Mediterranean climates typically feature:Warm, dry summers with temperatures rarely exceeding 95F.Mild winters with minimal frost risk,Annual rainfall typically between 15-25 inches.Water Resources:The property has two water sources:A private well producing approximately 900 gallons per minute (GPM), for agricultural operations with allocations, 2,025 shares in the Berylwood Heights Mutual Water Company as a backup water source. This water supply is an added benefit for agricultural operations. Land Characteristics:The property's 134.64 acres are divided into: 3 parcels 503-0-040-120,130,140 with access roads and utility areas.Infrastructure:Zoning:The AE-40 zoning (Agricultural Exclusive, 40-acre minimum lot size) applies to all three parcels. This zoning typically limits non-agricultural development maintaining the character of the area. An LCA Contract under the Williamson Act (#51-4.140), provides additional property tax relief.Development Potential:The property location between the City of Moorpark and the City of Camarillo suggests potential long-term development value, though the current AE-40 zoning would require changes for any significant alterations in the land use.