Roseville Rd - Residential LAND FOR SALE


Sacramento, CA 95842- Outer Carmichael/Citrus Heights433,858 SF
$8,500,000 USD
916-696-0013
Roseville Rd, Sacramento, CA for Sale
$8,500,000 USD
Residential LAND - FOR SALE
1/5
433,858 SF


HIGHLIGHTS

  • Multifamily development opportunity
  • Approximately ±9.5 acres
  • County-approved increase in allowable density
  • Well suited for affordable and workforce housing development
  • Architectural design-review package prepared and submitted
  • Prime Sacramento location at Elkhorn Boulevard & Roseville Road

OVERVIEW

HIGH-DENSITY MULTIFAMILY DEVELOPMENT OPPORTUNITY | 366-UNIT PLAN SUBMITTED | SACRAMENTO, CA Exceptional opportunity to acquire a strategically located ±9.5-acre multifamily development site at Elkhorn Boulevard & Roseville Road in Sacramento, California. A major advantage of this property is its established multifamily use and County-approved increase in allowable density, providing a highly attractive foundation for higher-density residential development. Ownership has subsequently prepared an updated 366-unit multifamily development concept, which has been submitted to Sacramento County and is currently under review. The 366-unit plan has not yet received final County approval. The architectural set is identified as a design-review drawing and not approved for construction. The current submitted concept contemplates 366 residential units across six multifamily buildings, including two 36-unit buildings, three 72-unit buildings and one 78-unit building. The proposed development includes approximately 180,551 SF of conditioned residential area and approximately 236,215 SF of total building area. The proposed unit mix is heavily weighted toward efficient studio and one-bedroom residences, complemented by larger two-bedroom units. Current plans include studio configurations of approximately 379–405 SF, one-bedroom configurations of approximately 600–819 SF, and two-bedroom configurations of approximately 1,050–1,234 SF. The combination of multifamily use, increased density, efficient unit configurations and a 366-unit plan already submitted to the County makes this property particularly compelling for affordable housing and workforce housing developers, as well as conventional multifamily developers seeking a high-density Sacramento-area development opportunity. The property is located within an established Sacramento community with surrounding residential and commercial development and convenient access from the Elkhorn Boulevard/Roseville Road area. The current site plan illustrates how the six-building residential concept can be efficiently configured across the property.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/ACRE

$853,414/AC

PRICE/SF

$20 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Roseville Crossing

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Mixed Use, Multi-Family, Apartment Units, Apartment Units - Senior

LAND ACRES

9.96 AC

LAND SF

433,858 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

RD20 & RD30

APN/PARCEL ID

222-0024-001,222-0024-041

ASK ABOUT THIS PROPERTY

Abdul EjazCompass CommercialMore Info
916-696-0013

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Abdul EjazCompass CommercialMore Info
916-696-0013

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