For Sale
$2,950,000

28190 San Martinez Grande Canyon RdCastaic, CA 91384

Castaic, CA land: Oil, residential potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This expansive 616-acre property in Castaic, California, presents a unique investment opportunity. Located near Newhall Ranch and the City of Santa Clarita, the land is zoned A-2-2. Approximately 200 acres contain active oil wells generating monthly income, contributing to the $113,400 income reported for 2023. The remaining approximately 400 acres are currently devoid of oil wells and offer significant potential for future development. Additional income streams include two rental homes and annual payments from pipeline easements. The sale includes all real property, lessor's rights, mineral and oil rights, existing permits, and development rights. The property's APN numbers are 3272-017-008

Highlights

  • $113,400 in 2023 income.
  • Includes all real property, mineral and oil rights, existing permits, and development rights.
  • Motivated sellers; significant price reduction.

Property Details for 28190 San Martinez Grande Canyon Rd

Property type
Land, Farms
Lot Size (sq. ft)
26,832,960 SF

Location Insight

City
Castaic
County
Los Angeles
State
California
Latitude
34.4325789
Longitude
-118.682269
28190 San Martinez Grande Canyon Rd, Castaic, California

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28190 San Martinez Grande Canyon Rd
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