$3,000,000

6325-6329 Elvas Ave is a 33,183 SF (.76 acre) infill development site located in East Sacramento. The property consists of two contiguous parcels of vacant land directly adjacent to Sacramento State (CSUS) and approx. 200 feet from the pedestrian tunnel to access campus, making this is prime candidate for student housing. The land is currently entitled for a ground-up student housing project featuring 283 student beds across 60 residential units in a 94,926 square foot 5-story building. The project entitlements are valid through August 2026 and the sale package includes full building plans, environmental/soil/vapor reports, surveys, and geotechnical/noise/acoustical studies. Over the last decade, enrollment at CSUS has grown by almost 7% with the current student body now exceeding 31,000 and far outpacing the available supply of nearby student housing. The property is 5 minute walk to campus, as well as The Garden @ the Line, Mill Coffee Shop, Bike Dog Brewing, 3 grocery stores, and many other service and hospitality amenities. The property boasts easy access to Folsom Blvd, J Street, Highway 50, and East Sacramento, one of the most highly sought-after neighborhoods in the region. This charming and safe community has little to no land remaining for new development, making this opportunity exceedingly rare and unique.