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Investment Highlights

  • 1.51 Acre Site Entitled for 33 Units
  • Can Achieve High Density with Low SF Loss Due to Connection to Hurley & Bakula
  • 3 Contiguous Parcels
  • Development Potential: Multifamily, Affordable Multifamily, Senior Housing, High Density Single Family Residential

Executive Summary

3161 Hurley Way, known as “The Sonnets”, is an approximately 1.51 acre site ideally situated for multifamily, senior housing or affordable housing development and poised for infill in the heart of the Arden Arcade neighborhood. Alternatively, additional density or an affordable component to the project may be available as the County continues to pursue affordable housing initiatives and development.
Located along Hurley Way, the Property features approximately 230 linear feet of street frontage. The Site consists of three contiguous parcels all with the current zoning designation of RD-20-Multiple Family Residential.
The current plans consist of a total of 33 lots with various layouts consisting of 2 bed 1 bath units, 2 bed 2 bath units, 3 bed 2 bath units, and amenities such as balconies and garages. With ease of ingress / egress plans from the connection of Hurley Way to Bakula Way, the Site is able to achieve high density with a reduced amount of square footage lost to necessary streets, sidewalks, curbs, gutters, and path of travel.
The Property allows for a variety of potential development paths:
Multifamily residential
Affordable multifamily
Senior housing
High density single family residential
Medical (not entitled)
The Property lies in the heart of the dense residential area of the Arden and Sierra Oaks vicinity, with proximity to Arden Way retailers, top tier schools such as Edison Thomas Elementary, Arden Middle School, Jesuit & Rio Americano High School, various parks, and nearby connection to highway 50, 80, and the East Sacramento & urban core.

Property Facts

Price $1,785,836 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units - Senior
  • Single Family Development
Total Lot Size 1.51 AC
Opportunity Zone Yes
Zoning RD-20 - Multiple family Residential

1 Lot Available

Lot

Price $1,785,836 CAD
Price Per AC $1,182,672.89 CAD
Lot Size 1.51 AC

1.51 acre site entitled for 33 units of multifamily, senior housing or affordable housing development and poised for infill in the heart of the Arden Arcade neighborhood.

Description

Arden Arcade’s central location places it within easy reach of all that Sacramento has to offer. Just a short drive from downtown, residents have quick access to the city’s business districts, entertainment venues, and cultural attractions. The neighborhood is also home to several shopping centers, including the iconic Arden Fair Mall, where you can indulge in retail therapy and savor diverse dining options. Whether you’re commuting to work, enjoying a night out, or simply running errands, Arden Arcade’s accessibility makes everyday life convenient and enjoyable.

Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 286-0151-050
  • 286-0151-049
Land Assessment
$640,154 CAD
Improvements Assessment
$0 CAD
Total Assessment
$640,154 CAD
  • Listing ID: 29629664

  • Date on Market: 2023-09-26

  • Last Updated:

  • Address: 3161 Hurley Way, Sacramento, CA 95864

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