Description

2281 Sierra Blvd is a multifamily property for sale in Sacramento, CA, within the Campus Commons / Howe Corridor / Sierra Oaks submarket. Its 2.92-acre site carries RD-30 High Density Multifamily Residence zoning, placing the land alongside the existing asset in the acquisition decision.

Built in 1962, the Property has a listing-wide size of 127,195 SF. For a multifamily buyer, that scale and the site’s acreage define the physical scope of ownership, while the zoning gives the land a distinct role in the analysis. In-place rents of $3,500 provide a reference for the existing rental component. Together, those facts call for an underwriting approach that addresses the property as it stands and the importance of the site, rather than treating the acquisition solely as an operating asset or solely as a land purchase.

The asking price is $1,650,000, with pricing also expressed as $12.97 PSF and $565,068.49 per acre. Each measure gives a buyer a different way to place the acquisition in context: the total commitment, the listing-wide size, and the land area. The in-place rents offer a separate point of reference for the current property, not a substitute for examining the site. For an investor or operator, the opportunity is to acquire an existing multifamily property whose physical scale, acreage, zoning and rental component all have a bearing on the ownership plan.