677 Pleasant Valley Rd, Diamond Springs, CA 95619

This mixed-use development opportunity is built around an existing commercial structure totaling approximately 4,000 SF, currently divided into four separate units and presently vacant. The asset is positioned for repositioning under a plan that would add two additional floors, creating 16 new one-bedroom, one-bath apartment units of approximately 500 SF each. If completed as proposed, the overall building size would increase to approximately 12,000 SF while retaining the required commercial component.

The property is located at 677 Pleasant Valley Rd in Diamond Springs, California. Public remarks indicate the current zoning supports mixed-use use and that preliminary approvals have been placed based on zoning and the General Plan. The project is described as SB 35 Streamlined Eligible, with SB 35 and TIF applications noted as due by July 15, 2026. The remarks also state there is potential for a 75% TIF waiver if approved.

For buyers and investors, this asset offers a practical pathway to convert unused commercial space into a combined live-work configuration, provided entitlements and program requirements are confirmed. The seller emphasizes that buyers should conduct independent due diligence to verify all entitlements, density bonus eligibility, SB 35/TIF eligibility, unit count, costs, timelines, and plan details before proceeding, and that all information is illustrative only.