An infill developer/investor opportunity to acquire a .79/acre single infill parcel in the City of Sacramento. Located within an Opportunity Zone, this parcel is zoned R-3 and is fully approved and entitled for a three-story, 24 unit senior multifamily building. The proposed development, Luther Gardens, Apartment for Seniors; offers a fantastic opportunity to capitalize on the growing demand for senior housing in an neighborhood with close proximity to medical facilities, shopping centers, schools, freeways, and public transportation.
MLS #
ML81997951
MLS Source
MLSListings, Inc.
Days on Site
59
Development Status
Approved Building Plan, Have Building Plans, Site Plan Approved
Existing Structures
None
Fencing
ChainLink
Lot Description
Grade - Level, Regular
Present Use
Bare Land
Utilities
Gas - Available at Street
Elementary District
Sacramento City Unified
High School District
Sacramento City Unified
Sewer
Other, Public Sewer
Zoning
R-3
7273 Luther Dr is in Sacramento, CA 95823. This Land is currently priced at $1,200,000.
This address can also be written as 7273 Luther Dr, Sacramento, CA 95823.©2025 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of April 25, 2025. For the most current information, please contact Kelly Rivett, (916) 569-2385