Technical
Financial
Distress signals
Property profile

22630 Cameo Dr Grass Grass Valley, CA 95949

FOR SALE
Multifamily properties
Property ID
US10-3032078
5 ac lot
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Property summary

AI-generated overview

The property is a 5-acre land parcel known as “Cameo,” located at 22630 Cameo Drive in Grass Valley, California, in the Greater Higgins area. The site has been planned for a multifamily affordable housing development concept featuring 48 rent-restricted units, including 12 one-bedroom units, 24 two-bedroom units, and 12 three-bedroom units, with proposed rent restrictions at 30%, 50%, and 60% of Area Median Income (AMI). The land is described as potentially eligible for California Low-Income Housing Tax Credits (LIHTC). Prior work referenced for the development includes engineering studies and reports such as geotechnical, biological, traffic, drainage, and hazardous waste assessments, along with preliminary architectural and civil planning documents.

Property profile

Verified
Property type Multifamily properties
Lot 5 ac (217,800 SF)
UPID US10-3032078

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

22630 Cameo Dr, Unit Grass Grass Valley, CA 95949
Grass Valley metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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