For Sale
$3,300,000

16 HwyEsparto, CA 95627

120 Lots & 40 Apartments, Map Ready

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents 120 residential lots and 40 existing apartments in the thriving town of Esparto, California. Located on Highway 16 in Yolo County (zip code 95627), this map-ready project is primed for immediate development. The property offers significant potential given Esparto's burgeoning growth and its strategic location, just 30 minutes from Sacramento and within easy reach of Davis and Woodland. The current seller's market in Esparto, with a median listing home price of $550,000 and a median price per square foot of $287 (August 2024 data), indicates strong demand for housing. The area boasts a population of approximately 3,572 residents and enjoys proximity to various amenities, including Cash Creek Casino (9 miles), UC Davis (24 miles), Vacaville (29 miles), and Sacramento (38 miles). Further afield, Napa, Berkeley, San Francisco, Stockton, and Santa Rosa are all within a reasonable driving distance. This development presents a unique chance to capitalize on the increasing demand for housing in a desirable, rapidly growing community. The property's existing 40 apartments provide immediate rental income while the 120 lots offer substantial long-term development potential. This is an ideal opportunity for developers seeking a high-return investment in a thriving California market.

Highlights

  • 120 residential lots and 40 existing apartments available for acquisition in Esparto, CA.
  • Esparto, CA is a seller's market with a median home listing price of $550,000 and a median price per square foot of $287 (August 2024 data).
  • Located in Yolo County, CA (zip code 95627), on Highway 16, near Interstate 505.
  • Esparto's population is approximately 3,572 residents.
  • Convenient proximity to amenities including Cash Creek Casino (9 miles), UC Davis (24 miles), Vacaville (29 miles), and Sacramento (38 miles).

Property Details for 16 Hwy

Property type
Land

Location Insight

City
Esparto
County
Yolo
State
California
Latitude
38.6960668
Longitude
-122.02024
16 Hwy, Esparto, California

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16 Hwy
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