6325 & 6329 Elvas Ave - Entitled Student Housing Near Sac State Lot • Résidentiel • 0,79 Acres • 4 068 300 $ CAD • Sacramento, CA 95819

Turton Commercial Real Estate is pleased to present the opportunity to acquire 6325-6329 Elvas Ave (the “Property”), a 33,183 square foot infill development site located in East Sacramento. The Property consists of two continuous parcels of vacant land situated approximately 200 feet from the pedestrian tunnel to access California State University, Sacramento (CSUS) and is currently entitled to construct a 94-926 square foot student housing project with 60 units and 283 beds across 6 stories.
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.