22630 Cameo Drive Grass Valley, CA 95949

Listing office Coldwell Banker Commercial Grass Roots Realty t***@cbcommercialgr.com Show Phone

Listing date Nov 5, 2025

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Investment Insights

Based on property information with market context.

This 5-acre land parcel, known as Cameo, is located at 22630 Cameo Drive in Grass Valley, California, and presents an investment opportunity for the development of high-impact affordable housing in the Greater Higgins area. The property is strategically positioned to address the increasing regional demand for affordable housing. A recent development proposal includes 48 rent-restricted units, consisting of twelve one-bedroom units, twenty-four two-bedroom units, and twelve three-bedroom units, with rent restrictions at 30%, 50%, or 60% of the Area Median Income (AMI). The project is eligible for California Low-Income Housing Tax Credits (LIHTC), offering financial incentives for developers. Previous contracts with a developer secured over $10 million in infill and infrastructure grants and completed engineering studies, including geotechnical, biological, traffic, drainage, and hazardous waste reports. Preliminary architectural and civil plans are available, potentially saving developers soft costs and reducing the time to market.

Key Highlights

• Opportunity to develop 48 rent‑restricted affordable housing units in high‑demand area.
• Eligible for California Low‑Income Housing Tax Credits (LIHTC).
• Over $10 million in infill and infrastructure grants previously secured.

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FAQs

What type of property is this?

Commercial land - 5-acre land parcel for affordable housing development.

Where is this commercial land located?

The property is located at 22630 Cameo Drive Grass Valley, CA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Opportunity to develop **48 rent‑restricted affordable housing units** in high‑demand area.; Eligible for California Low‑Income Housing Tax Credits (LIHTC).; **Over $10 million in infill and infrastructure grants previously secured.**