Entitled Student Housing Development
For Sale
$3,000,000
6329 Elvas Avenue, Sacramento, CA 95819
Infill parcels adjacent to CSUS with entitlements for 283 beds in a five-story residential building.
Property Size33,183 SF
Lot Size0.76 Acres
Price / SF$90.41
Days on Market89
Property Features for 6329 Elvas Avenue
General Information
Standard status
Active
Size
33,183 SF
Lot size
0.76 Acres
Property subtype
Commercial/Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Stories
5
Listing Agency:
Ken Turton, Broker
(916) 710-0753
Listed By:
Jon M. Lang · License #01934934
(916) 710-0753
Source:
Exitrealty
Added: May 14
Changed: Aug 8
Last Checked: Aug 8 at 8:05AM
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 Ken Turton, Broker
Investment Insights
Based on property information with market context.
6325-6329 Elvas Ave presents two contiguous, vacant parcels totaling 0.76 acres in East Sacramento. The site is currently entitled for a ground-up student housing project consisting of 283 student beds across 60 residential units within a 94,926-square-foot, five-story building. Entitlement validity runs through August 2026, and the sale package includes full building plans, environmental/soil/vapor reports, surveys, and geotechnical and noise/acoustical studies.
The parcels are directly adjacent to Sacramento State (CSUS) and are approximately 200 feet from the pedestrian tunnel used to access campus. The property is also described as a roughly five-minute walk to campus, along with nearby retail and service amenities including The Garden @ the Line, Mill Coffee Shop, Bike Dog Brewing, and three grocery stores. Public remarks also cite convenient access to Folsom Blvd, J Street, Highway 50, and East Sacramento.
For developers and operators seeking a student housing platform with existing approvals, this infill site offers an entitlement-backed path to a purpose-built, ground-up residential project. With the included studies and plans, buyers can evaluate design and underwriting inputs with a defined development program already in place through the stated entitlement expiration date.
The parcels are directly adjacent to Sacramento State (CSUS) and are approximately 200 feet from the pedestrian tunnel used to access campus. The property is also described as a roughly five-minute walk to campus, along with nearby retail and service amenities including The Garden @ the Line, Mill Coffee Shop, Bike Dog Brewing, and three grocery stores. Public remarks also cite convenient access to Folsom Blvd, J Street, Highway 50, and East Sacramento.
For developers and operators seeking a student housing platform with existing approvals, this infill site offers an entitlement-backed path to a purpose-built, ground-up residential project. With the included studies and plans, buyers can evaluate design and underwriting inputs with a defined development program already in place through the stated entitlement expiration date.
Key Highlights
- 33,183 SF (.76‑acre) infill development site on two contiguous parcels in East Sacramento
- Vacant land directly adjacent to Sacramento State (CSUS), approx. 200 feet from the pedestrian tunnel
- Entitled for ground‑up student housing: 283 student beds across 60 residential units in a 94,926 SF 5‑story building
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,564
Businesses Nearby
Explore this area
Business Placement
Demographics for 95819, CA
20,812
Population
8,936
Households
2.3
Avg Household Size
36
Median Age
68%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
5,781
Density / Sq Mi
$127,500
Median Household Income
$69,922
Median Earnings
$2,007
Median Rent
$716,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Infill parcels adjacent to CSUS with entitlements for 283 beds in a five-story residential building.
Where is this residential land & home lot located?
The property is located at 6329 Elvas Avenue Sacramento, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 33,183 SF (.76‑acre) infill development site on two contiguous parcels in East Sacramento; Vacant land directly adjacent to Sacramento State (CSUS), approx. 200 feet from the pedestrian tunnel; Entitled for ground‑up student housing: 283 student beds across 60 residential units in a 94,926 SF 5‑story building
