$1,200,000

7273 Luther Dr Sacramento, CA 95823

Estimated payment $7,688/month

Total Views 8,989
0.79 Acre
$1,512,478 Price per Acre
34,560 Sq Ft Lot

About This Lot

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.

Listing Agent

Kelly Rivett

Cornish & Carey Commercial License #01249433 Listed on: 03/14/2025

Property Details

Property Type

  • Land

Lot Details

  • 0.79 Acre Lot
  • Chain Link Fence
  • Level Lot

Additional Features

  • Electricity Available at Street
  • Gas Available at Street

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Other Commercial Land
  • Listing Class: Commercial Lots & Land
  • Present Use: Bare Land
  • Development Status: Approved Building Plan, Have Building Plans, Site Plan Approved
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Chain Link

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level, Regular
  • Lot Acres: 0.7934
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 34560.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 34560.00
  • Parcel Access: City Street

Multi Family

  • Utilities: Electricity - Available At Street, Gas - Available At Street

MLS Schools

  • High School District Text: Sacramento City Unified

Map

Range of Values:

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2025 03/14/25 For Sale $1,200,000 -- --
Source: MLSListings

Source: MLSListings

MLS Number: ML81997951

MLSListings
California Sacramento County Sacramento 95823

7273 Luther Dr, Sacramento, CA

This home is located at 7273 Luther Dr, Sacramento, CA 95823 and is currently priced at $1,200,000. 7273 Luther Dr is a home located in Sacramento County with nearby schools including Woodbine Elementary School, Fern Bacon Middle School, and Luther Burbank High School.

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Kelly Rivett
Listing Agent
Kelly Rivett
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Cornish & Carey Commercial
(408) 727-9600