187 Acres in Santa Paula, CA - $9,500,000

High Producing Legacy Ranch now available in Ventura County. Only two owners have operated this property for decades. Known as the C.W. Petit Ranch, the Petit family was influential in Ventura County history. This impressive property consists of 187.05 acres planted to Valencia oranges, lemons, and avocados. The ranch has produced high returns in gross fruit sales after picking, hauling and packing costs over the last five years. The orange juice market in particular is strong with limited supply now coming from Florida. The avocado returns are also increasing with young trees starting to come into full production. Planted to approximately 117.8 acres of Valencia oranges, 29 acres of high density lemons and 24.5 acres of mostly younger avocados, the property is in prime condition. Approximately10 additional acres may be suitable to plant more crops near the river or develop into a horse facility. Good soils and footing for an arena. Agricultural water is provided from a high producing well with full filtration system, modern injection capabilities, and micro spray irrigation. One additional well is available for backup purposes. Improvements include a remodeled ranch house, a newer manufactured home and a third farmworkers house in need of repairs. Several outbuildings with equipment yard, provide for the ranch needs. An additional domestic well serves the homes. This would make an excellent 1031exchange property with additional tax benefits from aggressive depreciation. Oil and mineral rights are included for the two larger parcels for additional sources of income. Professionally maintained to the highest standards over the last 20 years, this is a great opportunity. The owner is retiring, this is a rare offering with abundant low cost water.