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8740 Bruceville Rd - Laguna Miral - 125 Approved Multifamily Units 3.8 Acres of Residential Land in Elk Grove, CA 95758
Investment Highlights
- Fully Entitled — No Entitlement Risk. Seller open to Joint Venture and Seller Financing structures. All Offers Considered.
- 33 DU/Acre Density | 174 Surface Parking Spaces
- Adjacent to Kaiser Permanente Bruceville
- 125 Market-Rate Units Approved | 0 BMR / Affordable Units Required
- Design Review Valid Through January 30, 2028
- Direct Highway 99 Access | Elk Grove USD School District
Executive Summary
The approved program includes 174 surface parking spaces at 1.39/unit, balconies or patios at every unit, and a pool/leasing center amenity building. Suggested rents average $2,435/month at $2.60/SF, supported by a submarket vacancy rate of approximately 4% and comparable new construction rents of $2,200–$2,700/month.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 3.80 AC |
| Zoning | OB-PUD - Laguna Meadows Planned Unit Development | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 3.80 AC |
| Zoning | OB-PUD - Laguna Meadows Planned Unit Development |
1 Lot Available
Lot
| Lot Size | 3.80 AC |
| Lot Size | 3.80 AC |
Description
The site is steps from nearly 1.5M SF of anchored retail including Target, Costco, WinCo, Sprouts, and Regal Theaters, and 5 minutes from Kaiser Permanente Bruceville — Sacramento's largest healthcare employment complex with 1,000+ medical professionals. Elk Grove USD, consistently top-rated in Sacramento County, drives strong family renter demand. Key development economics: all-surface parking eliminates $30K–$50K/stall structured parking cost; Type V-B wood frame avoids concrete podium; 100% market-rate program maximizes revenue from day one. Entitlement valid through January 30, 2028, extendable for an additional 3 years. Park fees estimated at $430,650 payable at building permit issuance. Full Bruceville Rd frontage improvements required per 6-lane arterial standard. 40-ft light rail IOD along Bruceville Rd frontage.
Property Taxes
| Parcel Number | 117-0211-024 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,588,380 CAD | Total Assessment | $1,588,380 CAD |
Property Taxes
Presented by
8740 Bruceville Rd - Laguna Miral - 125 Approved Multifamily Units
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