Contact Us

Yes No

0 Luther Drive $1,200,000

    Close

    0 Luther Drive Sacramento, CA 95823

    • 0.79 Acres
    • Land
    • MLS# 222032478
    Favorite Share
    Views: 15

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Vacant infill land for sale on the 700 block of Luther Dr. near to and south of Florin Rd. Parcel has approved R3 zoning, entitlements and building design to build a unique 24 units 3 story apartment building for seniors (55+). Architectural and landscape construction drawings are available. This site is located near to several bus lines, a train station, freeway, several shopping centers, faces an open field that will never get built on and is in a federally designated enterprise zone. The building is modular in design permitting pre-fabrication affording speed of construction, less material waste, with notable construction cost savings especially with bay area fabricators or with off shore manufacturers and suppliers, such as from China. The seller is seeking a cash out sale. In the alternate the seller is open to selling 85% interest in the property for $995,000 cash and provide construction management services for the projects realization.

    • General Features
      • Association No
      • Association Fee $0
      • County Sacramento
      • Development Status Raw Land, Corners Marked, Improvement Plans Available
      • Property Subtype Residential Acreage
    • Building Features
      • Number of Lots 0
      • Minimum Bldg SqFt 0
      • Water Source Public
      • Utilities Underground Utilities
      • Total Parking Spaces 0.00
      • Other Structures None
    • Property Features
      • Distance To Electric Electricity At Street
      • Distance To Sewer Sewer At Site
      • Horse Property No
      • Irrigation None
      • Lot Features Shape Regular, Street Light(s)
      • Lot Size Acres 0.79
      • Lot Size Square Feet 34561.00
      • Lot Size Source Assessor Auto-Fill
      • Road Frontage Type City Street
      • Vegetation Trees Few,None
      • Road Responsibility Public Maintained Road
      • Road Surface Type Paved
    • Schools
      • Elementary School District Sacramento Unified
      • Middle or Junior School District Sacramento Unified
      • School District County Sacramento
      • Senior High School District Sacramento Unified

    Contact

    Neighborhood

    95823 (Sacramento) Demographics

    32 Median Age
    6,849 Population Density (per sq. mile)
    23% College Educated
    $50,832 Estimated Median Income
    11,115 Estimated Total Home Owners
    12,423 Estimated Total Renters
    47% / 53% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    80,842 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    71 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,200,000
        3/18/2022 12:02:00 PM New in Database Source: Multiple Listing Service New Value: $1,200,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 6/26/2022 7:02:21 AM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.