$15,750,000
For Sale

9055 Gerber Road

Sacramento, CA 95829
Browse 80 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

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.

  • Property Details
      • Lot DescriptionPublic Trans Nearby, Curb(s), Shape Regular, Sidewalk(s), See Remarks
      • ZoningResidential, Rezone Possible, Multi-Residential, See Remarks
      • Property SubtypeResidential Acreage
      • Sewer InformationSewer Available
      • CountySacramento
      • MLS #224097682
      • MLS #224097682
      • Property TypePurchase
      • Cost15750000
      • Utility SourcePublic
      • Utility FeaturesPublic
      • Acres9.39

Location

Debra DurbinReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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