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Residential Land for Sale in Sacramento, California

9055 Gerber Rd, Sacramento, CA 95829

$15,750,000
9.39 acres
Active
Est $116,818/mo

Introducing a permit ready development opportunity of a modern multifamily apartment complex at 9055 Gerber Road, Sacramento. 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, including elevators, bike storage, a yoga and spin studio, theater, and co-working spaces. 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. Residents will also 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 property is located in an Opportunity Zone under the Tax Cuts and Jobs Act of 2017. The project will transform a vacant, underutilized parcel into a vibrant, landscaped community, enhancing the local area with a thoughtful design featuring brick veneer, mixed siding, and two-toned stucco. It will meet RD-40 zoning requirements, capitalizing on the location's potential with sustainable, all-electric units and assigned parking.

Location

Street address
9055 Gerber Rd
Coordinates
38.4826, -121.3637

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; approximately three miles to the property on the left.

Property details

Acreage
9.39 acres
Zoning
RD-20 and RD-40
Access
Public road
Showing
Go on your own
Posted

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Listing history

DateEventPriceChangeSource
Oct 6, 2024New listing$15,750,000Listing agent
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This 9.39-acre property is located at 9055 Gerber Rd in Sacramento, CA 95829. The property is available for sale for $15,750,000 with a price per acre of $1,677,316.

  • Listed by Windermere Real Estate, Source

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