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1818 Aliso Canyon Road

NEW CUYAMA, CA 93254
  • $775,000
  • STATUS: Active
  • ON SITE: 148 Days
  • MLS #: 24-239
UPDATED: 106 min ago
$775,000
  • 0
    BEDS
  • 312.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Berkshire Hathaway HomeServices California Properties.

Description

This 312+ acre property, featuring a productive oil lease and 50% mineral rights, generates substantial monthly royalties, currently averaging around $2,000. Managed by E&B Resources, a fully bonded and insured operator, this land offers paved access and hosts approximately 17 active oil wells. These wells have been consistently profitable, especially with the recent rise in oil prices, indicating an upward trend in royalty income. Excluded from the Cuyama water basin management area, the property boasts favorable water profiles for wells, producing over 200 gallons per minute as per geological assessments. With no liability concerns for future cleanup due to E&B Resources' comprehensive insurance and bonding with the county, this property is a key asset in their oil production strategy. Located in the heart of the Arco field with an established tank farm, it also offers opportunities for outdoor activities like dove and quail hunting, and 4-wheel driving. Additionally, its agricultural zoning permits the construction of a residence, adding further value to this lucrative investment opportunity.

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© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-06-19T13:47:19.893. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2024-06-19T13:47:19.893.
www.karinamatic.com/homes/146828984
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1818 Aliso Canyon Road NEW CUYAMA, CA 93254

  • Price: $775,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 106 min ago
  • MLS #: 24-239
0
Beds
0
Baths
0
½ Baths
312.7
Acres
Neighborhood:
Out of Area
County:
Santa Barbara
Area:
Out of Area
Elementary School:
Other
Middle School:
Other
High School:
Other
Property Description
This 312+ acre property, featuring a productive oil lease and 50% mineral rights, generates substantial monthly royalties, currently averaging around $2,000. Managed by E&B Resources, a fully bonded and insured operator, this land offers paved access and hosts approximately 17 active oil wells. These wells have been consistently profitable, especially with the recent rise in oil prices, indicating an upward trend in royalty income. Excluded from the Cuyama water basin management area, the property boasts favorable water profiles for wells, producing over 200 gallons per minute as per geological assessments. With no liability concerns for future cleanup due to E&B Resources' comprehensive insurance and bonding with the county, this property is a key asset in their oil production strategy. Located in the heart of the Arco field with an established tank farm, it also offers opportunities for outdoor activities like dove and quail hunting, and 4-wheel driving. Additionally, its agricultural zoning permits the construction of a residence, adding further value to this lucrative investment opportunity.
Property Features

Property Sub Type Commercial Site Improvements Paved Yes Terms Cash Yes View Panoramic Water Source Private Zoning A-2

Listing information © 2024 Santa Barbara MLS
Listing provided courtesy of Berkshire Hathaway HomeServices California Properties: (805) 319-7070.



© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-06-19T13:47:19.893. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2024-06-19T13:47:19.893.
 
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Berkshire Hathaway HomeServices California Properties
3868 State St.
Santa Barbara CA, 93105
Listing provided courtesy of Berkshire Hathaway HomeServices California Properties.