2281 Sierra Blvd (the “Subject Property”) is a suburban development site measuring approximate 127,195 (2.92 acres) square feet located off Sierra Blvd in the Campus Commons/Sierra Oaks/Woodside neighborhood of Sacramento County. The Subject Property is zoned RD-30 High Density Multifamily Residence which permits a maximum density of 30 dwelling units per acre under the Sacramento County Zoning Code. The zoning code permits by right a myriad of different housing and density options under this zoning including a duplex, single-family attached and detached houses, dense multifamily housing, residential care homes up to 20 patients, SROs, Fraternity and Sorority houses, and child & adult care centers. The Subject Property features a two-story single-family residence with 7 bedrooms and 2 bathrooms that was constructed in 1962. The residence served as a fraternity house for many decades but has most recently been leased to and occupied by a group home for adults with disabilities. The existing lease expires in September 2026 with the tenant paying approximately $3,500 per month. We assume that the residence does not hold any historical significance or significant monetary value, thus it could be demolished to make way for a new development on the site. The Subject Property is encumbered by a utility easement by Great Western Power Company, with power lines and poles running nearly the entire north-south length of the Subject Property. The land beneath the powerlines cannot generally be developed although it can likely house common area amenities and parking facilities for the multifamily or commercial development. The developable land measures approximately 37,765.50 square feet (.87 acre) on the northeast corner of the Subject Property. The Subject Property is bordered by residential uses on the east, west, and north sides of the site. There is a mix of residential and commercial uses to the south of the site, most notably the Shalom School and Mosaic Law Congregation. The intersection of Howe Ave and Sierra Blvd is approximately .25 miles west of the Subject Property and the high-visibility corner of Fair Oaks Blvd and Howe Ave is approximately .6 miles away. The Subject Property is surrounded by many amenities, easy access to freeways, and near the Sacramento central business district.