Greenbriar Sustainable Living Inc V.GRB

True value of Land in Tehachapi

[sheepherder1234]

https://www.radiusgroup.com/wp-admin/admin-post.php?action=download_brochure&listing_id=17921

NOW OFFERED AT $14,700,000

• Master planned community with Adopted Specific Plan within the Tehachapi general plan. Approximately 828 gross acres within the City of Tehachapi.
• Approximately 1 mile of frontage between Capital Hills Parkway and the proposed Denison Interchange.
• Highway 58 major East-West Route, 90 minutes to Los Angeles, 3.5 hours to Las Vegas, 20 minutes to Mojave Air Space Port.
• Adjacent to the new $95 Million Tehachapi Valley Hospital and the Techachapi Valley Airport.

[navajojoe]

This post has been removed in accordance with Community Policy

[Letsmakemoney9]

I think Jeff means sage ranch land  worth 140m after all the buildings are built . Not the land itself worth that much 

[navajojoe]

This post has been removed in accordance with Community Policy

[Letsmakemoney9]

The land cost per house is 1000 dollar , if you use the number of how much Jeff paid for the entire 138 acres . Which is 1million dollar . So let's do the math here , 1 million dollar for 138 acres that's 7200 dollar per acres . If you can build 7.2 house per acres then that's 1000 dollar per house for the land cost .

[Letsmakemoney9]

Or a much easier way it's 1million dollar / 1000 house = 1000$ per house 

[Letsmakemoney9]

And we are talking about how much Jeff paid , but how much it worth by now ?  Compared to the next door price of 838 acres for 14.7 million dollar ,  138arces around 2.5million dollar and double for its better location equals 5million dollar .  so assuming 5 million dollar for the worth of the land today , then the worth of the land per house is 5000 dollar per house .

[CASHEAGLE]

That's COST of the land at a 995/$120m the vakuation is $120,000 raw INSERVCED lot cost.  Services are $30-40k per unit  here are building lots in the areahttps://www.zillow.com/tehachapi-ca/land/

[Letsmakemoney9]

https://www.zillow.com/homedetails/0-E-Pinion-St-Tehachapi-CA-93561/2066387668_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare here 44.83 arces for 1.575 million the location Literally right next to sage ranch . So that's about 35k per arces . With this price sage ranch 138acres = 4.83million  

[CASHEAGLE]

Letsmakemoney9 thank you for posting real workd facts  the offer and Jeff vakuation of an UNSERVICED site with court case pending over water rights is a dream scenario 

[Hubbie87]

You are posting about a piece of land that has not been ENTITLED, and no I haven't done any research to see whether it has been! Go buy the land and start building homes on it... you will be shut down before the first shovel of dirt! In Shnep's words, it's a cow pasture.  Here is Jeff from July 10,2021.... Real Estate 101 While construction profits historically around the USA

[CASHEAGLE]

https://images1.loopnet.com/d2/bUB663Ie4V-FmraMosNbpIRS2ljL3y4gT-x9BDcflAg/The%20Canyons%20Development%20OM%208232021.pdf