NEC East Bidwell Street & Oak Avenue Parkway - Prime Infill Land Development Opportunity! 6.69 Acres of Residential Land Offered at $9,636,256 CAD in Folsom, CA 95630

The Lakeside Church excess land has never before been available to purchase. The property is an extremely well located infill site ideal for a multifamily product at a time when demand and funding have never been greater. This property is arguably the best available multifamily property in the entire Sacramento region. Folsom is a well planned city that has experienced explosive residential growth over the last two decades. The City has been collecting "in lieu" affordable housing fees, largely from single family home builders, for years. The City's Housing Services Agency now has a huge "bucket" of approximately $22 million in unspent funds, as of May 2026. These funds are primarily earmarked to provide gap funding loans to developers of affordable housing projects. While the City of Folsom has entertained hosting a "Request For Proposals" (RFP) process to match developers, properties and funds, and even considered City acquisition of potential affordable housing sites, the City has not done either to date. However, the City of Folsom will continue to consider affordable housing funding applications on an individual property basis to assist developers in completing projects.