Property profile

8685 Stockton Blvd Elk Grove, CA 95624

OFF-MARKET
Land
Property ID
US09-0793071
0.73 ac lot
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Property summary

AI-generated overview

This exceptional 0.73-acre (approximately 31,668 square feet) residential lot, located at 8685 E Stockton Blvd, Elk Grove, CA 95624 (APN 115-0161-018), is offered for sale. Currently zoned RD-30, this property presents a significant opportunity for developers. The site includes an existing 1,116 square foot single-family home, which could generate rental income during the entitlement process. The RD-30 zoning allows for the construction of a multifamily development, potentially accommodating 21 or 22 units, suitable for either market-rate or affordable housing projects. The property's versatility allows for several development paths, including leasing the existing single-family home, leasing the entire land parcel, or pursuing full entitlement for a multifamily project. This prime Elk Grove location offers excellent access to amenities and transportation. The asking price for this exceptional development opportunity is $798,000. Serious inquiries only.

Property profile

Verified
Property type Land
Lot 0.73 ac (31,799 SF)
UPID US09-0793071

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • General Contractor Construction Company

Location

8685 Stockton Blvd Elk Grove, CA 95624
Elk Grove metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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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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