Current Use by Public Records
- Land
Property Details for 16 Hwy
- Property type
- Land
Description
This exceptional investment opportunity presents 120 residential lots and 40 existing apartments in the thriving town of Esparto, California. Located on Highway 16 in Yolo County (zip code 95627), this map-ready project is primed for immediate development. The property offers significant potential given Esparto's burgeoning growth and its strategic location, just 30 minutes from Sacramento and within easy reach of Davis and Woodland. The current seller's market in Esparto, with a median listing home price of $550,000 and a median price per square foot of $287 (August 2024 data), indicates strong demand for housing. The area boasts a population of approximately 3,572 residents and enjoys proximity to various amenities, including Cash Creek Casino (9 miles), UC Davis (24 miles), Vacaville (29 miles), and Sacramento (38 miles). Further afield, Napa, Berkeley, San Francisco, Stockton, and Santa Rosa are all within a reasonable driving distance. This development presents a unique chance to capitalize on the increasing demand for housing in a desirable, rapidly growing community. The property's existing 40 apartments provide immediate rental income while the 120 lots offer substantial long-term development potential. This is an ideal opportunity for developers seeking a high-return investment in a thriving California market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Esparto
- County
- Yolo
- State
- California
- Longitude
- -122.02
- Latitude
- 38.6961
