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6620 4th Ave
Sacramento, CA 95817
Prime Student Housing Development Opportunity · Land For Sale · 1.08 AC

Investment Highlights

  • Opportunity to deliver 300 beds to the Sacramento State student housing market.
  • Capitalize on a growing market with acceptance rates well above the national average.
  • Immediate access to big box retailer for shopping needs.
  • Highly demanded, only 3.8 percent of full-time student have option to live in dormitories.
  • Desirable location and distance from campus which commands higher rent/bed.

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Hold For Development
Total Lot Size 1.08 AC
No. Stories 1
Zoning C-2-TO - Commercial

Description

The site consists of (3) adjacent parcels totaling in +/-46,585 SF of vacant residential land. Previously used for retail sales of recreational vehicles and travel trailers, the property offers +/-315 feet of frontage on 4th Avenue and surrounded by a well-established student housing apartment complex. Plans to develop a 105 unit, 300 bed student housing development were submitted for approval in April 2020 and can be provided to buyer.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 015-0031-014
  • 015-0031-015
  • 015-0031-039
Land Assessment
$3,000,000
Improvements Assessment
$0
Total Assessment
$3,000,000
  • Listing ID: 26076939

  • Date on Market: 7/2/2022

  • Last Updated:

  • Address: 6620 4th Ave, Sacramento, CA 95817

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