Description

Nearly 3/4 of an acre of vacant land in a prime area of Whittier. This is a street to street lot that can be divided into 3 building lots. New construction homes in this area would be valued at $700,000+ There is also an active oil operation on this parcel, currently producing 1,200 barrels per year. At current oil prices this would mean $60,000 of gross income. Complete income and loss statements for the oil operation are available. Oil well, 2 reservoir tanks and mineral rights included in sale. You could still build 2 houses if you wanted to keep the oil operation.