Homes to Replace Hog Farm in San Francisquito Canyon

Nearly 500 acres of a former hog farm in the rapidly developing San Francisquito Canyon area will be developed with 1,109 homes.

The 489-acre parcel was sold for nearly $21 million by Montalvo Properties, a company owned by the Clougherty family that makes Farmer John products, according to O’Donnell/Atkins Co., a brokerage that represented the developer, SunCal Cos. of Orange.

The development has already been approved by Los Angeles County, and grading is underway, David Landes of O’Donnell/Atkins said Thursday.

The sale represents only a portion of the 1,795-acre ranch, which has been approved by the county for development of 1,791 residential units. The SunCal project will be called Tesoro del Valle, and the first lots are expected to be ready for housing construction by next summer, Landes said.

Lots will be sold in neighborhood clusters to builders, with the first homes expected to be completed late next year, he said.

The project is situated east of new industrial park developments and north of Copperhill Drive. It backs up to Angeles National Forest.