138 San Miguel Canyon Road, Royal Oaks, California 95076, Royal Oaks, - bed, bath
ACTIVE$3,695,000
138 San Miguel Canyon Road, Royal Oaks, California 95076
3Beds
1Bath
1,459Sqft
653,400Lot
Year Built
1920
Close
-
List price
$3.69M
Original List price
$3.69M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82019831
Home ConditionPoor
Features
Good View:
View-
About this home
138 San Miguel Canyon Rd. is being sold with 120 San Miguel Canyon Rd. and price includes both addresses. This property, 138 San Miguel Canyon Rd, has a 1,459 sq. ft. house with 3 bedrooms and 2 full baths. The ADU has 3 bedrooms and 1 bath. The additional rental unit is a 3 bedroom, 1 full bath trailer. 138 also has a 1,800 sq. ft. metal building with 3 large roll up doors. The residences sit on 15 acres of organic agricultural land with two producing ag wells. Both addresses have been rental income properties and 30 of the 35 acres have also been leased to a well known ag company as additional annual income.
Price History
Date
Event
Price
09/01/25
Listing
$3,695,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (81 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 1 | 2 | 22% |
| Square foot | 1,459 | 1,613 | 38% |
| Lot Size | 653,400 | 11,914 | 98% |
| Price | $3.69M | $894K | 96% |
| Price per square foot | $2,533 | $560 | 99% |
| Built year | 1920 | 9875988 | 2% |
| HOA | |||
| Days on market | 65 | 157 | 6% |
Condition Rating
Poor
The property was built in 1920, making it over 100 years old. There are no interior images provided for the main house, ADU, or trailer, which strongly suggests that the kitchens, bathrooms, and overall interior finishes are significantly outdated and likely in poor condition, requiring substantial repairs and rehabilitation. The exterior images show older, modest structures, and one barn is visibly in disrepair. The listing emphasizes the agricultural land and rental income potential, rather than the quality or condition of the residential structures themselves, further supporting the assessment that the homes are not a primary selling point due to their condition.
Pros & Cons
Pros
Diverse Income Streams: The property offers robust income potential from multiple sources, including a main house, an Accessory Dwelling Unit (ADU), an additional rental trailer, and active agricultural land leases.
Expansive Agricultural Land: Comprising 35 acres of organic agricultural land with two producing wells, this property holds significant value for farming, investment, or future development opportunities.
Versatile Commercial Building: A substantial 1,800 sq. ft. metal building with three large roll-up doors provides excellent utility for various business operations, storage, or workshop needs.
Multi-Parcel Offering: The sale includes two adjacent addresses (138 and 120 San Miguel Canyon Rd), creating a larger, contiguous landholding with enhanced utility and investment potential.
Established Agricultural Lease: A significant portion of the land (30 acres) is leased to a 'well known ag company,' ensuring a stable, passive income stream and professional land management.
Cons
Age of Primary Residence: Built in 1920, the main house is over a century old, likely requiring substantial updates, repairs, and modernization of its systems (e.g., plumbing, electrical).
Inclusion of Trailer as Rental Unit: The presence of a 'trailer' as an additional rental unit may imply lower quality housing, potential for higher maintenance costs, and could negatively impact overall property perception or financing options.
Complex Property Management: The diverse nature of the property, encompassing multiple residences, a commercial building, and active agricultural land across two parcels, suggests a high level of management complexity and specialized knowledge required from an owner.