Multifamily Development Site w/ Density Bonus 3137-3139 Rio Linda Blvd

Uncover this rare opportunity to develop new, high-demand multifamily housing in a desirable suburban neighborhood of Sacramento, California at 3137-3139 Rio Linda Boulevard.
Comprising 0.94 acres, this fully level lot is entitled with plans in place for a 47-unit apartment development. A site plan and design review are available in the data room for a 44,905-square-foot project with 35 apartments and 12 additional dwelling units. The development is eligible for a density bonus agreement with a concession to lot-depth requirements and waivers to reduce the minimum rear-yard and interior side-yard setbacks, exceed the front-yard setback, and reduce minimum vehicle and bicycle parking requirements with the provision of two restricted income dwelling units.

Sitting at the heart of Sacramento’s South Hagginwood neighborhood, 3137-3139 Rio Linda Boulevard enjoys an easily accessible location near quality schools, upscale retail amenities, and large job centers. The property is 1 mile from Interstate 80, providing easy connections across the greater metro. It is within 15 minutes of the California Expo Center, the Haggin Oaks Golf Complex, and Downtown Sacramento. Several of the city’s largest employers are reachable within 20 minutes, including Kaiser’s Sacramento Medical Center, the corporate headquarters for Sutter Health, and the UC Davis Medical Center. Shopping opportunities are readily available at the nearby Arden Fair Mall, with over 150 upscale retail locations.

A growing demographic profile within 5 miles of the property supports a new multifamily development at the site. The population of more than 360,000 earns an impressive average household income of more than $95,000. With more than 58% of these locals currently renting their homes, spending on household segments exceeded $696 million during 2024.