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$14,750,000

Est. payment - /mo

9.39 Acres Lot

Price Dropped by $1.0M

9055 Gerber RD Sacramento, CA 95829

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

01/16/2025 02:27 PM

Key Details

Property Type Vacant Land

Sub Type Residential Acreage

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224097682

HOA Y/N No

Originating Board MLS Metrolist

Lot Size 9.390 Acres

Acres 9.39

Lot Dimensions 660' x 620'

Property Sub-Type Residential Acreage

Property Description

REDUCED by $1,000,000 and possible joint venture or Seller financing too!! Introducing a shovel-ready ready development opportunity of a modern multifamily apartment complex in the path of development! This is the only multi-family project of significance in the area and it can start in 2025! The project is set on a 9.39-acre site with 6.6 acres utilized for 132 units in Phase One under the RD-20 zoning regulations. When completed, this four-story development will feature 336 one-bedroom and two-bedroom units equipped with premium amenities. The property is located in an Opportunity Zone under the Tax Cuts and Jobs Act of 2017, and all rents would be at market rate with no affordability required units! Residents will enjoy a resort-style pool, bocce and pickleball courts, BBQ spaces, and electric vehicle charging stations, all designed to promote community, comfort, and convenience. The rooftop will offer social spaces with seating areas, dining options, and private cabanas, while the clubhouse will provide a fitness center, conference rooms, a convenience market, and leisure areas.

Location

State CA

County Sacramento

Area 10829

Zoning RD-20 to RD-40

Direction Seven miles south of downtown Sacramento on Hwy 99 to the Mack Road exit; East over the Hwy to a Left at the first intersection onto Stockton Blvd; 0.5 miles to a Right onto Gerber Road; approximately three miles to the property on the left.

Exterior

Utilities Available Public

Water Access Desc Public

Topography Level

Street Surface Paved

Road Frontage County Road

Building

Lot Description Public Trans Nearby, Curb(s), Shape Regular, Sidewalk(s), See Remarks

Sewer Sewer Available

Water Public

Schools

Elementary Schools Elk Grove Unified

Middle Schools Elk Grove Unified

High Schools Elk Grove Unified

School District Sacramento

Others

Senior Community No

Tax ID 065-0080-057-000

Special Listing Condition None

Virtual Tour https://bit.ly/9055GerberRoad

Listed by Windermere Signature Properties Rocklin

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA