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6325 & 6329 Elvas Ave - Entitled Student Housing Near Sac State 0.79 Acres of Residential Land Offered at $4,068,300 CAD in Sacramento, CA 95819
Investment Highlights
- Entitled student housing infill site totaling ±33,183 SF across two contiguous parcels in East Sacramento
- ±200 feet from pedestrian tunnel providing direct access to California State University, Sacramento
- Planned parking and amenities include 46 secured parking stalls, 46 bike spaces, ±5,000 SF of communal space, and outdoor terrace
- Approved for 60 student units / 283 beds across 5–6 stories; entitlements extended through August 17, 2026
- Turn-key due diligence included, including Phase I & II, geotechnical, noise, acoustical, vapor analysis, and surveys
- Transit-oriented location with immediate Highway 50 access and walking distance to University/65th Street light rail station
Executive Summary
The Property is squarely in the heart of East Sacramento, one of the most affluent and prestigious residential suburbs in the entire Sacramento region. Given the surrounding neighborhoods, the Property benefits from ample amenities including three anchored grocery stores within a quarter mile and several notable hospitality concepts within walking distance including The Garden at the Line, The Mill Coffee and Tea, and Bike Dog Brewing among many others.
That said, perhaps no aspect of the Property is as valuable as its proximity to CSUS. Over the last ten years, CSUC has grown significantly from a regional and national perspective. Locally, enrollment on campus reached an all-time high in the spring of 2025, with the total student body exceeding 31,000 students for the first time in university history. Over the last ten years, the student body has increased by 6.7% with many of the students now living on campus or in off-campus housing within .25 miles of the campus. Starting the fall of 2026, all incoming freshmen and sophomores are required to live "on campus" while attending school with hopes to distance the university from its “commuter school” reputation. Student Housing at this site is potentially eligible to meet this requirement.
From a national perspective, The Carlsen Center for Innovation and Entrepreneurship has been a launchpad for many local and regional start-up companies in the tech, medical, and agriculture industries. Additionally, CSUS leadership is pushing to move several sports teams to the FBS Division 1 level, facilitate the construction of a new football stadium near campus and hire several well-known ambassadors and coaches to raise the national profile of the school.
Despite ample construction of market-rate and student housing near CSUC over the last several years, the demand for student housing near campus far outpaces the supply. As such, the Property is a prime opportunity to construct additional student housing to satisfy the growing demand and capitalize on the dynamic growth of the university.
Property Facts
| Price | $4,068,300 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.79 AC |
| Property Type | Land | ||
| Zoning | C-2-TO - General Commercial and Transit Overlay | ||
| Price | $4,068,300 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.79 AC |
| Zoning | C-2-TO - General Commercial and Transit Overlay |
1 Lot Available
Lot
| Price | $4,068,300 CAD | Lot Size | 0.79 AC |
| Price Per AC | $5,150,868.15 CAD |
| Price | $4,068,300 CAD |
| Price Per AC | $5,150,868.15 CAD |
| Lot Size | 0.79 AC |
±33,183 SF entitled student housing site in East Sacramento, located ±200 feet from the pedestrian tunnel to Sac State. Approved for 60 units / 283 beds with plans, studies, and entitlements extended through August 17, 2026.
Description
The planned student-housing project includes 60 total units with 283 individual beds across 5 floors. The project includes a secure parking garage with 46 stalls and 46 bike spaces, as well as an approximately 5,000 square foot lobby and communal space, on the ground floor. The second floor features an outdoor terrace that overlooks Elvas Ave and provides tenants with an outdoor seating and gathering area. The sale includes plans for the existing project and other due diligence information including Phase I and II soils reports, Geotechnical Investigation, Environmental Noise Assessment, Acoustical Studies, Vapor Analysis, and surveys. The current entitlements were recently extended through August 17, 2026. 6325-6329 Elvas provides excellent access to all major freeways, with the on and off ramps for Highway 50 just a mere minute from the Property, six minutes from Highway 99 and Interstate 80, eight minutes from Interstate 5 and twenty minutes from the Sacramento International Airport. The property is also an eight-minute walk from University/65th Street Station, one of Sacramento’s busiest and well-trafficked lightrail stations that stretches from Old Town Folsom to Downtown, Sacramento.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $2,086,933 CAD | Total Assessment | $2,086,933 CAD |
Property Taxes
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6325 & 6329 Elvas Ave - Entitled Student Housing Near Sac State
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