Mixed-Use Development Land
For Sale
$6,999,000
Pending
7400 Shasta Avenue, Elk Grove, CA 95758
5.98-acre land parcel zoned for residential and residential acreage with a 216-apartment permit and infill status.
Property SizeContact for details
Lot Size5.98 Acres
Days on Market809
Property Features for 7400 Shasta Avenue
General Information
Standard status
Pending
Lot size
5.98 Acres
Property subtype
Lots/Land
Additional Details
Highway Access
Yes
Listing Agency:
Statewide Realty & Mortgage
(916) 712-2735
Listed By:
Amardeep Singh · License #01357217
(916) 712-2735
Source:
Exitrealty
Added: May 22, 2024
Changed: Aug 8
Last Checked: Jul 17 at 4:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Statewide Realty & Mortgage
Investment Insights
Based on property information with market context.
The offering is a 5.98-acre land parcel at 7400 Shasta Avenue, Elk Grove, CA 95758. The property is zoned for Residential and Residential Acreage, offering flexibility for development scenarios such as townhomes, apartment complexes, or single-family dwellings. Public remarks also reference a permit for 216 apartments by Sacramento City, and the seller notes the parcel is an infill site with no CEQA requirement. The listing indicates the parcel consists of 2 lots/2 APNs, and can be sold together or separately.
The property is described as being situated between Sacramento and Elk Grove, with easy access to major freeways, Sacramento International Airport, rail lines, and two ports. Opposite the property is Cosumnes River College.
Per the provided information, the area is supported by population and income figures (52,000 households with a median income of $84,827) to reflect market demand for residential development.
The property is described as being situated between Sacramento and Elk Grove, with easy access to major freeways, Sacramento International Airport, rail lines, and two ports. Opposite the property is Cosumnes River College.
Per the provided information, the area is supported by population and income figures (52,000 households with a median income of $84,827) to reflect market demand for residential development.
Key Highlights
- 5.98‑acre land parcel zoned for Residential and Residential Acreage, with development flexibility for residential uses.
- Includes a permit for 216 apartments by Sacramento City.
- Infill parcel with no CEQA requirement reported, potentially streamlining the development process.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 95758, CA
64,517
Population
22,755
Households
2.8
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
13.6 sq mi
ZIP Area
4,744
Density / Sq Mi
$115,146
Median Household Income
$57,489
Median Earnings
$2,178
Median Rent
$558,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 5.98-acre land parcel zoned for residential and residential acreage with a 216-apartment permit and infill status.
Where is this residential land & home lot located?
The property is located at 7400 Shasta Avenue Elk Grove, CA.
What is the asking price?
The asking price for this property is $6,999,000.
What are key features of this property?
This property features: 5.98‑acre land parcel zoned for Residential and Residential Acreage, with development flexibility for residential uses.; Includes a permit for 216 apartments by Sacramento City.; Infill parcel with no CEQA requirement reported, potentially streamlining the development process.
