Contacts
CBRE
CBRE
CBRE
CBRE
CBRE
Property Details
- Property Type VacantLand
- Property Size 33,105.6 SF
- Lot Size 0.76 Acre
- Additional Rent Contact for pricing
- Date Updated Oct 17, 2024
CBRE is pleased to present the opportunity to acquire a prime ±0.76-acre campus-adjacent student housing land site located at 6325 and 6329 Elvas Avenue in Sacramento, California. Located less than 250 feet from the student pedestrian tunnel, the irreplaceable site provides immediate access to California State University Sacramento, making it an exceptional location to meet the growing need for high density student housing. The site is also situated just steps away from several popular retail options like Trader Joe’s, Starbucks, Jamba Juice, Subway, Dos Coyotes and other walkable local dining options. Sac State has experienced exponential growth over the last 20-years including increasing enrollment by 11% while investing over $385M in infrastructure upgrades; however the current housing landscape is insufficient to support the 31,500+ student population. Currently, there are just 3,200 beds available for students looking to live on campus, leaving almost a 10:1 student to bed ratio. Given the shortage of available student housing, there is exceptionally strong demand for nearby off-campus housing options. Current plans have been approved for a six-story, 94,926 square-foot building with 60 units and 283 beds. The Elvas Avenue land site is one of the most unique acquisition opportunities for an investor in the market today.
Reach out to the broker for more info on lease terms and amenities
Getting around
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65/100
Walk Score ®
-
51/100
Transit Score ®
-
88/100
Bike Score ®
Location
- City Sacramento, CA
- Neighborhood CSUS
- Zip Code 95819
- Market Sacramento
Points of Interest
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59th Street
0.50 miles
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48th Street
1.18 miles
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Power Inn
1.26 miles
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39th Street
1.64 miles
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College Greens
1.94 miles
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29th Street
2.42 miles
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23rd Street
2.88 miles
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Watt/Manlove
2.92 miles
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City College
3.32 miles
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4th Avenue/Wayne Hultgren
3.33 miles
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CJ Gas
0.17 miles
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Chevron
0.40 miles
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76
0.59 miles
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Arco
0.64 miles
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7-Eleven
0.93 miles
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Shell
1.10 miles
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Giddyup
1.25 miles
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eVgo
1.31 miles
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Tesla Supercharger (Coming Soon)
1.57 miles
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EVgo
2.30 miles
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Parking Structure 1
0.17 miles
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Lot 12
0.25 miles
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Lot 5
0.28 miles
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Parking Structure III
0.31 miles
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Faculty/Staff Lot 6
0.33 miles
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Parking Structure II
0.40 miles
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Faculty/Staff Parking Lot 7
0.43 miles
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Lot 1D Faculty/Staff
0.44 miles
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Lot 1C Faculty/Staff
0.46 miles
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Parking Structure 5
0.48 miles
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Hampton Inn & Suites Sacramento at CSUS
0.42 miles
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Motel 6
0.92 miles
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Rodeway Inn Sacramento-University Area
1.02 miles
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Comfort Inn & Suites Sacramento - University Area
1.04 miles
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Larkspur Landing Sacramento
1.42 miles
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Courtyard Sacramento Midtown
1.50 miles
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De Ville Motel
1.62 miles
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Hotel Med Park, Ascend Hotel Collection
1.65 miles
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Motel 6 Sacramento Downtown
2.33 miles
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Red Lion Inn & Suites Sacramento
2.35 miles
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Grocery Outlet
0.31 miles
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Corti Brothers
0.49 miles
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Target
0.53 miles
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Save Mart
0.62 miles
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Trader Joe's
0.98 miles
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Falling Prices
1.10 miles
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Your Family Groceries
1.33 miles
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Raley's
1.35 miles
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Safeway
1.35 miles
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Rancho San Miguel Markets
1.70 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
