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6324 Orange Ave - 6324 Orange Ave

2.31 Acres of Residential Land Offered at $795,000 in Sacramento, CA 95823

Investment Highlights

  • 2.31 AC Single Family Home estate or low-density housing development.
  • The original house built in 1964 is still on the property and has all functional utilities.
  • Densely populated area with over 189,660 residents within 3 miles
  • Level acreage within mix of residential, apartments, industrial, and retail property.
  • Located along a major thoroughfare with easy access to Highway 99.

Executive Summary

We like to present a rare opportunity for developers, investors, and owners/users to purchase this 2.31 acres of land with the original single-story home on site. This infill land in the South Sacramento submarket is less than 10 miles from California State Capital and is surrounded by single-family homes, apartment complexes, retail, and industrial properties. It is zone RD-5 on Orange Ave, a short walk to Stockton Blvd, the main road heading to Little Saigon, located between Florin Road & Fruitridge Road. The corridor is close to Florin Towne Center, which has major retailers such as Super-Walmart, Pet Smart, and Burlington.
The original house was built in 1964 and has all functional utilities. The house has 1964 square feet of living space, 3 bedrooms, and 2 bathrooms. It is currently rented and provides a monthly rental income of $2,200 while you work out a development plan. Explore developing small housing tracts, townhouses, and duplexes—buyer to verify land usage/development potential and utilities access for their satisfaction.

Property Facts

Price $795,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 2.31 AC

1 Lot Available

Lot

Price $795,000
Price Per AC $344,156
Lot Size 2.31 AC

2.31 acres of residential land with the original single-story home on site. Rectangular shape with 162 feet frontage road by 621 on the side.

Description

The current single-family home has 1964 square feet of living space, 3 bedrooms, 2 bathrooms, built-in 1964 with masonry.

zoning

Zoning Code RD-5
RD-5
  • Listing ID: 28280089

  • Date on Market: 4/20/2023

  • Last Updated:

  • Address: 6324 Orange Ave, Sacramento, CA 95823

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