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    Riverside Blvd Sacramento, CA 95818

    Sponsored
    For Sale
    $425,000

    Prime Sacramento residential lot, 0.32 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.32-acre lot, situated on Riverside Boulevard in Sacramento, California, presents a compelling development opportunity. Zoned R-3-R, the property boasts preliminary approval for the construction of nine residential units. This highly desirable location offers unparalleled convenience, placing residents just minutes from the vibrant downtown Sacramento area, the scenic Sacramento River, and a wealth of amenities. The property's 95818 zip code ensures easy access to shopping, dining, and public transportation options, enhancing its appeal to potential residents. The 0.32-acre parcel provides ample space for a thoughtfully designed residential development, catering to the growing demand for housing in this sought-after neighborhood. Investors and developers alike will recognize the significant potential of this strategically located land, promising a strong return on investment. The preliminary approval for nine units streamlines the development process, minimizing potential delays and maximizing efficiency. This is a rare chance to acquire a prime piece of Sacramento real estate with exceptional development potential. Don't miss this opportunity to capitalize on the thriving Sacramento housing market.

    Property Features for 0 Riverside Blvd

    General Information

    Property type
    Land
    Lot Size
    13,939 SF

    HighLights

    • 0.32‑acre lot in Sacramento, CA, zoned R‑3‑R.
    • Preliminary approval for nine residential units.
    • Highly desirable location near downtown Sacramento, Sacramento River, and amenities.
    • Located in the 95818 zip code, offering convenient access to shopping, dining, and public transportation.
    • Ample space for residential development in a high‑demand area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.5089021
    Latitude
    38.5433138

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    FAQs

    What type of property is this?
    Land - Prime Sacramento residential lot, 0.32 acres.
    Where is this land located?
    The property is located at Riverside Blvd Sacramento, CA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 0.32-acre lot in Sacramento, CA, zoned R-3-R.; Preliminary approval for nine residential units.; Highly desirable location near downtown Sacramento, Sacramento River, and amenities.
    Request Owner's contact information
    Riverside Blvd Sacramento, CA 95818
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    Sacramento, CA 95818
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Riverside Blvd Sacramento, CA 95818
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