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9055 Gerber Rd

336 Unit Apartment Building For Sale Sacramento, CA 95829

Investment Highlights

  • Permit Ready 336 Multifamily Development
  • Total Units: 336 one-bedroom and two-bedroom units under RD-40 zoning
  • Residential Units: Mix of one and two bedroom apartments ranging from 671-1020 sqft
  • Opportunity Zone: Eligible for tax incentives under the Tax Cuts and Jobs Act of 2017

Executive Summary

Introducing a permit-ready development opportunity of a modern multifamily apartment complex at 9055 Gerber Road, Sacramento. The project is set on a 9.39-acre site with 6.6 acres utilized for 132 units in Phase One under the RD-20 zoning regulations. When completed, this four-story development will feature 336 one-bedroom and two-bedroom units equipped with premium amenities, including elevators, bike storage, a yoga and spin studio, theater, and co-working spaces. The rooftop will offer social spaces with seating areas, dining options, and private cabanas, while the clubhouse will provide a fitness center, conference rooms, a convenience market, and leisure areas.
Residents will also enjoy a resort-style pool, bocce and pickleball courts, BBQ spaces, and electric vehicle charging stations, all designed to promote community, comfort, and convenience. Possible Seller financing is available, subject to price and terms.
The property is located in an Opportunity Zone under the Tax Cuts and Jobs Act of 2017. This federal program allows investors to defer or eliminate taxes on money they’ve made from selling property.
The project will transform a vacant, underutilized parcel into a vibrant, landscaped community, enhancing the local area with a thoughtful design featuring brick veneer, mixed siding, and two-toned stucco.It will meet RD-40 zoning requirements, capitalizing
on the location’s potential with sustainable, all-electric units and assigned parking. The development will provide high-quality housing while promoting economic growth in Sacramento, making it a sought-after destination for residents and a valuable asset to
the neighborhood.

Property Facts

Sale Type Investment
No. Units 336
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 9.39 AC
Construction Status Proposed
Building Size 294,248 SF
No. Stories 4
Year Built 2026
Opportunity Zone Yes

Site Amenities

  • Clubhouse
  • Pool
  • Green Community

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 160 - 748 - 756
2+2 176 - 953 - 1,020

zoning

Zoning Code RD-40 (County in process of rezoning to RD-40.)
RD-40 (County in process of rezoning to RD-40.)
  • Listing ID: 33311510

  • Date on Market: 9/26/2024

  • Last Updated:

  • Address: 9055 Gerber Rd, Sacramento, CA 95829

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