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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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