28190 San Martinez Grande Canyon RdCastaic, CA 91384

Property Details for 28190 San Martinez Grande Canyon Rd

Lot size

616.00 AC

Property type

Land

Property subtype

Farms

Description

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

Location Insight

City

Castaic

County

Los Angeles

State

California

Latitude

34.4326

Longitude

-118.682

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