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$725,000
Est. payment /mo
13,590,720 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential/SFR
Listing Status Active
Purchase Type For Sale
Square Footage 13,590,720 sqft
Price per Sqft $0
MLS Listing ID 25-3964
Lot Size 312.000 Acres
Acres 312.0
Lot Dimensions 1.359072E7
Property Sub-Type Residential/SFR
Source Santa Barbara Multiple Listing Service
Property Description
312+ Acre Oil Producing Property with Lease and 1/2 of mineral rights. Leased and operated by E&B (fully bonded and insured). Paved access, 17+- oil wells producing and paying royalties with oil prices high and rising. Trailing 12mo royalties average 2000/mo... trending higher. *Outside of the Cuyama water basin management area *good water profiles for well (over 200gpm according to geologist) *E&B Resources is the operator of the oil wells, they have bonds and insurance w/county so there are NO liability issues w/any future cleanup. *They are increasing production and more wells may com back online as oil prices/demand is strong. *This property is the key for their oil production. Tank farm and center of the arco field. *Good dove quail and 4wd *AG Zoning allows for building residence
Location
State CA
County Santa Barbara
Direction HW166 to Aliso Canyon Road (paved and ungated)
Building
Lot Description Rolling Slope
Water Private
Others
Tax ID 147-150-007
Acceptable Financing Assumable, Cash
Listing Terms Assumable, Cash
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Listed by Berkshire Hathaway HomeServices California Properties
Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900