28190 San Martinez Grande Canyon Rd Castaic, CA 91384
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.