Laguna Miral is a fully entitled multifamily development site on the Sacramento/Elk Grove border. Design Review approved December 2023 for 125 market-rate apartments across five 3-story Type V-B wood-frame buildings plus a 2-story amenity building. No BMR requirement. No retail component. No remaining discretionary approvals. Seller open to joint venture and seller financing structures. All offers considered. The approved program includes 174 surface parking spaces at 1.39/unit, balconies or patios at every unit, and a pool/leasing center amenity building. Suggested rents average $2,435/month at $2.60/SF, supported by a submarket vacancy rate of approximately 4% and comparable new construction rents of $2,200–$2,700/month.