4944 San Juan AveFair Oaks, CA 95628

Property Details for 4944 San Juan Ave

Lot size

0.24 AC

Zone code

BP

Property type

Land

Property subtype

Commercial land

APN

242-0011-014-0000

APU

24200110140000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,587,818

  Hospitality

  $1,454,432

  Educational

  $1,210,071

  Medical

  $1,251,687

  Retail

  $1,882,332

Location Insight

City

Fair Oaks

County

Sacramento

State

California

Latitude

38.6561

Longitude

-121.292

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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