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New Cuyama CA Real Estate & Commercial for Sale

1 Properties Found

The median home value in New Cuyama, CA is $293,000. This is lower than the county median home value of $735,000. The national median home value is $308,980. The average price of homes sold in New Cuyama, CA is $293,000. Approximately 41% of New Cuyama homes are owned, compared to 31% rented, while 27% are vacant. New Cuyama real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact New Cuyama real estate agent to arrange a tour today!
Learn more about New Cuyama.


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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24-239
Type:
Other
Courtesy: Jody Neal - Berkshire Hathaway HomeServices California Properties Jody Neal
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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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Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Santa Barbara Association of Realtors

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