1818 Aliso Canyon Road
$775,000
13,621,212 / 312.7
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...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.
- Listed by Jody Neal • DRE #01995725 • Berkshire Hathaway HomeServices California PropertiesP: (805)-252-9267 C: (805)-252-9267 jody.neal@bhhscal.com
Property Details for 1818 Aliso Canyon Road
Zoning
A-2
Zoning:A-2Yes
Location Info:Cross StreetHWY 166
LISTING UPDATED: 09/15/2024 08:25 PM
Property Details for 1818 Aliso Canyon Road
Status | Active |
---|---|
MLS # | 24-239 |
Days on Market | 283 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Commercial / Land |
Year Built | - |
Lot Size | 312.70 AC |
County | Santa Barbara County |
Building Information for 1818 Aliso Canyon Road
Lot Size312.70 AC
Property Information for 1818 Aliso Canyon Road
Property History for 1818 Aliso Canyon Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1818 Aliso Canyon Road
Taxable ValueLand$291,832Additions-Total$291,832
Tax Record2024$3,112 ($259 / month)
Home Facts
Lot Size13,621,212 SqFtStylePastureCountySANTA BARBARAAPN147-150-007
Schools near 1818 Aliso Canyon Road
This home is within Cuyama Joint Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Cuyama Elementary School PublicK to 8 | ||
Cuyama Valley High School Public9 to 12 | ||
Uplift California Santa Barbara CharterK to 12 | ||
Sierra Madre High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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