22630 Cameo Dr Grass Valley, CA 95949
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48 Units, Prime Location, Grant Funded
Property Features for 22630 Cameo Dr
General Information
- Property type
- Multifamily properties
- Lot Size
- 217,800 SF
Building Details
- Units
- 48
Listing Agency: Coldwell Banker Commercial Grass Roots Realty Listing Agent: Tyson Tucker
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 5-acre parcel in Grass Valley, CA (22630 Cameo Dr, 95949) presents a unique opportunity to develop high-impact affordable housing. Zoned R3-RH-SC-SP (High Density Residential – Regional Housing Need – Scenic Corridor – Site Performance), this property is ideally situated near State Highway 49 and Combie Road, providing convenient access to Grass Valley and Auburn. The site boasts pre-existing approvals and engineering studies, including geotechnical, biological, traffic, drainage, and hazardous waste reports, significantly reducing time and costs to market. Over $10 million in infill and infrastructure grants are already secured, along with eligibility for California Low-Income Housing Tax Credits (LIHTC). Preliminary architectural and civil plans are also available. The proposed development includes 48 rent-restricted units: 12 one-bedroom, 24 two-bedroom, and 12 three-bedroom units, all restricted at 30%, 50%, or 60% of Area Median Income (AMI). Amenities will include a community room and playground. The property's location within a growing community with a stable income level and strong demand for affordable housing makes this a financially viable and impactful investment opportunity. Nevada County Planning Department and Fire Marshal's Office feedback is available to expedite the entitlement process. This is a turnkey opportunity to deliver much-needed affordable housing in a thriving area. Asking price: $1,100,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Grass Valley
- County
- Nevada
- State
- California
- Longitude
- -121.09327
- Latitude
- 39.044597
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FAQs
What type of property is this?
Multifamily property - 48 Units, Prime Location, Grant Funded
Where is this multifamily property located?
The property is located at 22630 Cameo Dr 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: Excellent Highway 49 access & proximity to urban centers.; Strong demographics with stable incomes in a growing community.; Fully entitled project; comprehensive submission package available.
