Unimproved land in the city of Placentia. The property currently has certain oil production facilities located within the property lines, including an above ground oil pressure gauge, and underground pipes, ingress and egress rights, that are subject to an oil rights lease. Property is being sold with mineral rights that would include any royalties from the oil company. No representations as to what such production yields are. Great long term or short term investment for the right buyer willing to put in the due diligence requirements with the city and oil production lease company to eventually make this lot developable or keep for other uses. In the mean time you can potentially collect oil royalties to offset property taxes during any holding period. Other owners have utilized these spaces for outdoor storage as well.
Based on information from California Regional Multiple Listing Service, Inc. as of April 5th, 2020 at 10:11am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. 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.