MAGNIFICENT ESTATE IN ONE OF CALIFORNIA’S PREMIER WINE REGIONS
For Sale By Order of the US Bankruptcy Court on behalf of Richard Marshack, Chapter 7 Trustee: Case Folder – 8:20-bk-13014 – Northern Holding, LLC
LIVE OAK ESTATE & VINEYARD OFFERING
Total Available Lot Size: 160± Acres
This offering is a unique opportunity with potential recurring revenue / income generated by long-term Vineyards / Land leases.
With the ability to expand the current 71± acres of Vines and with the option of conditional use permits that incorporate options for hospitality ventures are available through this sale, and offer the potential for a unique rental, or special event space for corporate outings, private parties or weddings.
The 7,500± square foot hilltop residential estate has:
- Five bedrooms plus office & four bathrooms.
- Outdoor space features large terraces overlooking beautifully landscaped grounds with irrigation system, swimming pool, cabana with wood-burning fireplace and tennis court.
- The property also includes a Workshop: 3,000± SF and Guest House: 900± SF.
Assessor’s Parcel Number(s): 026-342-039
Property Address: 2380 Live Oak Road, Paso Robles, CA.
Land Area/Property Size: ± 160.00 Assessed Acres
Land Use: 71.60 ± acres of wine grape vineyards with 17.31 ± acres in non-viable vineyards (equivalent to open land), 25.00 ± acres of open plantable land, 7.52 ± acres in supporting farm avenues and lower farmstead site, ± 2.00 acres
contained within an estate residential site and 35.07 ± acres in a non-productive ancillary land.
Structural/Site Improvements: Estate-type residence with attached garage, shop building and employee/rental house. There is also a manufactured home (mobile home) on jack stands.
Flood Zone Rating: Flood Zone “X”
Census Tract: 100.16
Ag. Preserve Status: The subject property is currently enrolled in the Williamson Act, Agricultural Preserve program.
Zoning: AG – Agriculture
Soils: Primarily Nacimiento soils (Capability Class 4 & 7).
Irrigation Supply & Distribution: Four on-site wells with submersible pumps. Application is via drip system.
TERMS OF SALE – This sale is being conducted subject to the Terms of Sale, which will be available upon completion in the Offering data room.
BID DEADLINE – February 15, 2022
OFFER – Three separate properties can be purchased together or individually.
ON-SITE INSPECTIONS – Property tours will be at select dates and times BY APPOINTMENT ONLY. To schedule a visit, contact K. Kevin Otus | kotus@thinkONYX.com
DATA ROOM – A Virtual Data Room has been assembled and contains important due diligence documents on the opportunity. NDA required for access to the Virtual Data Room.
Onyx has not independently verified any of the information provided or contained herein or in the Virtual Data Room. Potential purchasers should not rely on any information contained herein, in the Virtual Data Room or provided by Northern Holdings, LLC or Onyx (or their respective staff, agents, and attorneys) in connection herewith, whether transmitted orally or in writing as a statement, opinion, or representation of fact. Interested parties should satisfy themselves through independent investigations as they or their legal and financial advisors see fit.