6620-6630 4th - Prime Student Housing Development Opportunity 0.53 Acres of Residential Land Offered at $1,750,000 in Sacramento, CA 95817

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of a 1.08 acre vacant land project located at 6620-6630 4th Ave, Sacramento, CA (“The Site”). Located footsteps away (0.7 miles) from California State University, Sacramento (“Sacramento State”), the project represents a rare and strategic development opportunity in a supply-constrained student housing submarket.
Starting in the fall of 2026, Sacramento State will begin its mandatory live-on-campus requirement for freshmen. The university has developed new residence halls to accommodate this change but still lacks the necessary housing needed. According to U.S News, approximately 89% of students live off campus. To help address the lack of student-housing, Sacramento State recently announced it is seeking partners to develop or provide student housing within a 3-mile radius of campus. Given its proximity to the university, the site presents a compelling opportunity for a purpose-built student housing development or a mixed-use project designed to serve the surrounding campus community.
Sacramento State is also experiencing significant institutional momentum. The university recently accepted an invitation to join the Mid-American Conference (MAC) as a football-only member, elevating the national profile of the program and signaling the school’s ambitions to compete at the NCAA’s highest level. This move is expected to bring increased visibility, investment, and infrastructure improvements to the campus and surrounding area.
As Sacramento State continues to expand its enrollment, athletics profile, and campus infrastructure, 6620 4th Ave is uniquely positioned to capitalize on the long-term housing demand generated by one of Northern California’s fastest-growing universities.