2131 16Th St Sacramento, CA 95818

Located at 2131 16th Street in Sacramento, California, this property presents a shovel-ready development opportunity in the Midtown area. The site, spanning approximately 0.44 acres, has approved entitlements for a mixed-use multifamily development. Two versions of entitlements are available: one for a five-story building with 60 units, and another for a three-story building with 31 units. Construction documents are completed for the 31-unit project. The property is situated on the northeast corner of 16th Street and V Street, offering high visibility and signage opportunities for retail or commercial tenants. The location is near Ice Blocks and the R Street Corridor. 16th Street provides access to retail, dining, and nightlife in Midtown, as well as employment centers in Downtown. Residents can easily bike to the Golden1 Center, Downtown Commons (DOCO), Land Park, Midtown Farmers Market, Target, Safeway, and other amenities. The approved plans include a five-story, approximately 57,950 square foot mixed-use building with 60 apartments, including three live/work units, a rooftop deck, 21 parking stalls, and 5,037 square feet of ground floor commercial space. The unit mix includes studios, one-bedroom, and two-bedroom apartments. Approvals have also been secured for a 31-unit project, designed to achieve a higher parking ratio. The gross site area is approximately 0.44 acres or 19,600 square feet, with C-2-SPD zoning.