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Bryan Powell

[email protected] +1(916) 521-4687

$ 3,000,000

Est. payment -/mo

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6329 Elvas AVE Sacramento, CA 95819

0.76 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Lot

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 226015517

HOA Y/N No

Lot Size 0.762 Acres

Acres 0.7618

Property Sub-Type Commercial Lot

Source MLS Metrolist

Property Description

6325-6329 Elvas Ave is a 33,183 SF (.76 acre) infill development site located in East Sacramento. The property consists of two contiguous parcels of vacant land directly adjacent to Sacramento State (CSUS) and approx. 200 feet from the pedestrian tunnel to access campus, making this is prime candidate for student housing. The land is currently entitled for a ground-up student housing project featuring 283 student beds across 60 residential units in a 94,926 square foot 5-story building. The project entitlements are valid through August 2026 and the sale package includes full building plans, environmental/soil/vapor reports, surveys, and geotechnical/noise/acoustical studies. Over the last decade, enrollment at CSUS has grown by almost 7% with the current student body now exceeding 31,000 and far outpacing the available supply of nearby student housing. The property is 5 minute walk to campus, as well as The Garden @ the Line, Mill Coffee Shop, Bike Dog Brewing, 3 grocery stores, and many other service and hospitality amenities. The property boasts easy access to Folsom Blvd, J Street, Highway 50, and East Sacramento, one of the most highly sought-after neighborhoods in the region. This charming and safe community has little to no land remaining for new development, making this opportunity exceedingly rare and unique.

Location

State CA

County Sacramento

Area 10819

Zoning C-2-Transit Overlay

Direction Located near the corner of 65th and Elvas Ave.

Exterior

Fence Chain Link

Utilities Available Sewer Connected, Water Connected, See Remarks

Water Access Desc Public

View City, Downtown

Topography Level

Road Frontage City Street

Building

Lot Description Shape Regular, Flag

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 008-0321-003-0000

Special Listing Condition None

Listed by Ken Turton, Broker

NEARBY SCHOOLS & PROPERTIES

Bryan Powell

Broker | CA DRE#02003689

+1(916) 521-4687

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Bryan Powell

6329 Elvas AVE Sacramento, CA 95819

Key Details

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Schools

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6329 Elvas AVE