5203 J St - 5203 J Street

Colliers is seeking a qualified developer to acquire this .24-acre (10,387 SF) parcel of land in East Sacramento. The location is one of the most sought after residential areas of Sacramento and the site has a proposed R-1 & R-2 Zoning which is designated in the 2040 General Plan for maximum density. As currently written, the zoning code will allow two units on the property plus two ADU’s, for a total of four (4) units. With the City and States new density bonus law there is a possibility of adding 8-12 Units with additional ADU’s on the site as well. The site provides street frontage on J Street and 52nd Street which is near a majority of residential homes and only ten blocks from Mercy general Hospital. This is a rare opportunity to acquire a residential lot of this size in East Sacramento. The Property comes with one 2-bedroom/1-bathroom single family home with a full basement and laundry hookups which rents for exactly $1550. The tenant can be vacated before close of escrow. There is also a “Artist Studio” which is a 900 SF single story building that was built within the last 10-15 years. Additionally on site there are three separate “Artist Studio’s” that have been used for storage. The property comes with 5 structures in total. In addition to the new Bonus density law, the city is undertaking The “Missing Middle Housing” project which plans to implement portions of the new 2040 General Plan. With MMH zoning ordinance amendments, this will allow development on this property and others zoned R-1, R-1A, R-1B, and R-2 to develop consistent with the minimum and maximum FAR standards, and not subject to a maximum number of dwelling units. In other words, once the ordinance is adopted, more than four units could be added to the property if desired, subject to new development standards (setbacks, open space, height, lot coverage, etc). The 2040 General Plan eliminated minimum parking requirements for this site, so no additional parking would be required. Depending on the scope of work, the new units could be added with just a staff level Site Plan and Design Review application. The Planning Helpdesk at the City of Sacramento will have more information: planning@cityofsacramento.org.