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Investment Highlights

  • Institutional Quality Multifamily Land with Significantly Lower Development Risk in a Proven Mixed Use Environment
  • First multifamily site available in Delta Shores North phase of the master plan.
  • Ten active for sale single-family neighborhoods by national homebuilders with over 1,400 homes recently completed and under construction.
  • Potential development of 15-27 units per acre, ideal for three or four story garden-style market-rate apartments or affordable housing
  • Delta Shores shopping center - one of Sacramento’s strongest performing retail destinations.
  • Backbone infrastructure improvements underway, to be completed prior to closing.

Executive Summary

CBRE is pleased to present the opportunity to acquire the HDR-10 Land Site, a ±5.0 acre multifamily residential development site for up to 135 units within Delta Shores North, 800 acre master planned community in Sacramento, CA. Strategically positioned at the northwest corner of Cosumnes River Blvd and 24th Street, the HDR-10 Land Site is immediately adjacent to the Delta Shores regional retail shopping center and ten new single-family communities of 1,400 homes recently completed and under construction.
Delta Shores is an approximately 800 acre, mixed use master planned community strategically located along the Interstate 5 corridor within Sacramento city limits. The community integrates residential neighborhoods, regional retail, employment access, and lifestyle amenities—creating one of the most complete live work play environments in the Sacramento metropolitan area. Located right off Interstate-5, residents have an easy commute to the Downtown Sacramento CBD to reach the region’s largest employers including the State of California, Kaiser Permanente, Sutter Health, UC Davis Medical Center, CalPERS and CalSTRS. Just 10-minutes south is Apple’s local headquarters with over 5,000 employees. Anchored by national and regional tenants including Walmart, Dick's Sporting Goods, Old Navy, and Ross Dress for Less. Living Spaces and RC Willey operate only a limited number of locations across Greater Sacramento, signaling strong retailer conviction in the trade area Delta Shores attracts shoppers from affluent Pocket, South Land Park, and portions of Elk Grove. Within 2 miles of HDR-10 Site are four different grocery store options including Nugget Market and Bel Aire. Delta Shores offers a cleaner, newer, more attractive shopping experience than much of South Sacramento. For multifamily residents, this translates into rare walk and drive convenience, significantly enhancing renter appeal and leasing velocity.

Property Facts

Price $3,430,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Master Planned Community
  • Planned Unit Development
Total Lot Size 5.00 AC
Zoning R-3-PUD - General Plan Designation: High Density Residential

1 Lot Available

Lot 10

Price $3,430,000
Price Per AC $686,000.00
Lot Size 5.00 AC

Northwest corner of Cosumnes Rive Boulevard and 24th Street

Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
053-0290-011
Land Assessment
$2,244,000
Improvements Assessment
$0
Total Assessment
$2,244,000
  • Listing ID: 40977630

  • Date on Market: 6/18/2026

  • Last Updated:

  • Address: Delta Cove Drive, Sacramento, CA 95832

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