952 Market St 1.22 Acres of Residential Land Offered at $400,000 in Yuba City, CA 95991

Helm Properties is pleased to present the exclusive offering of a multifamily development site located at the corner of Market Street and Perkins Way in Yuba City, California. The subject property encompasses approximately 53,143 square feet (±1.22 acres) and is zoned R-3 (Multiple-Family Residential), consistent with the City of Yuba City's High Density Residential General Plan designation. The R-3 zoning permits a density range of 12 to 36 dwelling units per acre, representing a maximum yield of approximately 44 units on this site. The site is cleared and ready for development.
Positioned at the signalized intersection of Market Street and Perkins Way, the site benefits from strong street visibility on two frontages and is situated within the established Yuba City city limits with full access to municipal water, sewer, and utility infrastructure. The surrounding area is experiencing active residential investment, making this an attractive infill opportunity in a market with meaningful barriers to new development.
The R-3 designation accommodates the full spectrum of attached multifamily product types—including apartment communities, condominiums, and townhomes—providing developers with significant flexibility in design and exit strategy. The zoning allows up to four stories (not to exceed 48 feet), supporting podium or wood-frame construction depending on unit count and financing structure. Maximum lot coverage is 60%, providing a buildable footprint of approximately 31,886 square feet after setbacks and open space are factored into the site plan.
At an asking price of $400,000—equating to $9,090 per unit at maximum density—this site offers a highly competitive land cost basis relative to comparable infill multifamily land in the Northern Sacramento Valley. The low per-unit land cost makes this site well-suited for affordable housing developers utilizing LIHTC or other subsidy structures, where land basis is a critical underwriting input.
The Yuba-Sutter region continues to attract housing demand driven by its relative affordability compared to the Greater Sacramento metro, direct access to Highway 99, and a growing workforce base. Yuba City's multifamily pipeline remains constrained, supporting favorable rental fundamentals for new product.