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9055 Gerber Road Sacramento, CA ^$ 15,750,000

9055 Gerber Road

^$ 15,750,000

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9055 Gerber Road

Sacramento, CA, 95829

^$ 15,750,000

Studio Baths0.0

Monthly Estimate*

^$ 94,328

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Studio

Lots and Land for sale in Sacramento, CA

for $15,750,000. The lot size is 9.39.

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.

Lots and Land Active

Price

^$ 15,750,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Residential Acreage

Lot Size

9.39

Town/City

Sacramento

County/Region

Sacramento

MLS | Web ID

224097682

Features

General

Sewer Sewer Available

Utilities Public

Development Status Raw Land Building Plans Filed Design Review Required Site Plan Filed Improvement Plans Available See Remarks

Zoning RD-20 to RD-40

HOA Fee 0

Crops None

Topography Level

Property SubType Residential Acreage

Current Use Vacant

Elevation 0

County Sacramento

Property Type Land

HOA N

Possible Use Residential See Remarks

Other Structures None

Close Price 0.0

Status Active

Directions 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; approximatel

City Sacramento

High School District Elk Grove Unified

Zoning Description Residential Rezone Possible Multi-Residential See Remarks

MLS Area 10829

Lot Size Square Feet 409028.0

Standard Status Active

Middle/Junior School District Elk Grove Unified

Elementary School District Elk Grove Unified

Exterior

Vegetation None

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

Water Source Public

Total Parking 0.0

Lot Dimensions 660' x 620'

Lot Size Acres 9.39

Road Surface Type Paved

Lot Size Source Assessor Agent-Fill

Road Frontage Type County Road

Number of Lots 0

Road Responsibility Public Maintained Road

Horse Y/N N

Internal Only

Street Number 1 9055

* Excluded Features

List By

Windermere Signature Properties Rocklin

Broker

steve@SteveCarpenter.com

Affordability Calculator

$94,328

Per Month

Monthly Principal & Interest: $94,328
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Sacramento, CA

Average List Price ^$819,613

Percent of Sale Price 95%

About Sacramento, CA

501,568 Population

23% Since 2002

^$54,303 Median Income

35.68 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3193828 Elementary School

3193670 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/19/2024	$15,750,000		Listed Price

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9055 Gerber Road, Sacramento, CA, 95829 is a Lots and Land for sale at $15,750,000 with a lot size of 9.39. 9055 Gerber Road is a studio with 0.0 baths. The property's zip code is 95829 which is in Sacramento, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 11/21/2024.

Property information, real estate data and other informational content on this Site is provided in part by the Internet Data Exchange program of MetroList Services, Inc., a California corporation (“MetroList”).

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information.

Data is updated as of 11/21/2024.
CA DRE #02088790
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9055 Gerber Road

Lots and Land for sale in Sacramento, CA

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