For Sale
$799,000

4944 San Juan Ave Fair Oaks, CA 95628

20-Unit Apartment Complex, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 10,477 sq ft land parcel in Fair Oaks, CA (APN 242-0011-014-0000), presents a remarkable investment opportunity. Currently zoned BP, the property boasts fully approved plans for a 20-unit multi-family residential development. Each of the planned units will encompass 636 square feet, featuring a single bedroom and one bathroom. The convenient location at 4944 San Juan Ave, Fair Oaks, CA 95628 (38.6561611, -121.2919146) offers residents easy access to local amenities, including a nearby golf course and various stores. Carport parking will be available for residents. This project is designed to capitalize on the strong demand for one-bedroom apartments in the area. The asking price for this fully approved development is $799,000. This represents a unique chance to acquire a ready-to-build multi-family project in a desirable California location. The property's prime location and the high demand for rental units make this an attractive investment with significant potential for future growth and strong rental income. All necessary approvals are in place, minimizing development risk and streamlining the construction process. This is a turnkey opportunity for investors seeking a high-return, low-risk venture in the thriving Fair Oaks market.

Highlights

  • Fully approved site plans.
  • 20 one-bedroom, one-bathroom units.
  • Each unit offers 636 square feet of living space.
  • Carport parking available on-site.
  • Walking distance to a golf course and retail stores.

Property Details for 4944 San Juan Ave

Property type
Land

Location Insight

City
Fair Oaks
County
Sacramento
State
California
Latitude
38.6561611
Longitude
-121.2919146

FAQs

What type of property is this?
Land - 20-Unit Apartment Complex, Prime Location
Where is the land located?
The property is located at 4944 San Juan Ave Fair Oaks, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully approved site plans.; 20 one-bedroom, one-bathroom units.; Each unit offers 636 square feet of living space.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4944 San Juan Ave
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