905 S St - Apartments FOR SALE


Sacramento, CA 95811- Southside Park
$7,950,000 USD
916-612-5314
905 S St, Sacramento, CA for Sale
$7,950,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

905 S St
Sacramento, CA 95811
Southside Park


HIGHLIGHTS

  • Fully entitled ±50,845 SF (±1.17 acre) mixed-use development site in Downtown Sacramento’s R Street Corridor
  • Approved for 227 residential units and ±7,152 SF of ground-floor retail with 92 parking stalls
  • RMX-SPD zoning supports high-density residential and mixed-use development in Sacramento’s urban core
  • Opportunity Zone location with existing entitlements in place, providing a streamlined path to development
  • Purchase price of $7,950,000, equating to approximately $156/SF of land and $35,000 per entitled unit
  • Walkable location near Downtown, Midtown, Ice Blocks, Golden 1 Center, light rail, Interstate 5, Highway 50, and Interstate 80

OVERVIEW

Turton Commercial Real Estate, as exclusive advisor to Anthem Properties, is pleased to present the opportunity to acquire 9S, a fully entitled ±50,845 square foot mixed-use development site located at the intersection of 9th & S Street in Downtown Sacramento. Positioned within Sacramento’s established R Street Corridor, 9S offers developers a rare opportunity to deliver much-needed urban housing in one of the city’s most active infill neighborhoods. With entitlements in place, flexible RMX-SPD zoning, and a location surrounded by walkable amenities, transit access, employment drivers, and existing residential density, the Property is well suited for an affordable-by-design housing concept focused on efficient unit planning, attainable rents, and long-term neighborhood demand. 9S offers a compelling economic foundation for an affordable-by-design residential program. With projected residential gross rents of approximately $4.00 per square foot per month and estimated operating expenses of approximately $1.00 per square foot per month, the Property supports net residential income of approximately $3.00 per square foot per month, or $36.00 per square foot annually. When measured against an estimated all-in development cost basis of approximately $425 per square foot, the resulting 8.47% initial unlevered yield underscores the strength of the opportunity without relying on luxury rent premiums. The surrounding R Street Corridor has evolved into one of Sacramento’s most recognizable mixed-use districts, defined by adaptive reuse architecture, local restaurants, creative office users, residential projects, entertainment venues, and daily-needs retail. This amenity-rich environment supports a compelling residential offering without requiring a luxury positioning, creating an opportunity to serve the growing renter base seeking well-located, thoughtfully designed, and more attainable housing within the urban core. 9S benefits from immediate access to Downtown Sacramento, Midtown, the Ice Blocks, nearby employment centers, and regional transportation corridors including Interstate 5, Highway 50, and Interstate 80. Sacramento International Airport is located approximately 15 minutes from the Property, further enhancing the site’s regional connectivity. Fully entitled and located within a designated Opportunity Zone, 9S provides a streamlined path toward development in a supply-constrained infill location. As large-scale sites within the R Street Corridor become increasingly scarce, the Property presents a compelling opportunity for a developer to deliver an efficient, high-density housing project that responds directly to Sacramento’s growing demand for attainable urban living.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$48 USD /SF

# OF UNITS

186

PRICE/UNIT

$42,742

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9S

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2028

PARKING SPACES

92

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,845 SF

ZONING

RMX-SPD

APN/PARCEL ID

009-0071-017,009-0071-018,009-0071-019,009-0071-022

ASK ABOUT THIS PROPERTY

Scott KingstonTurton Commercial Real EstateMore Info
916-612-5314

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Scott KingstonTurton Commercial Real EstateMore Info
916-612-5314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.