7273 Luther Drive, Sacramento, CA 95823 - Berkshire Hathaway HomeServices California Properties

7273 Luther Drive, Sacramento, CA 95823

$1,200,000 Approx. USD 0 beds, 0 baths

Listing Agent


Kelly Rivett | kelly.rivett@nmrk.com
Lic#: 01249433
Broker: Courtesy of Cornish & Carey Commercial

Agent Remarks

An infill developer/investor opportunity to acquire a .79/acre single infill parcel in the City of Sacramento. Located within an Opportunity Zone, this parcel is zoned R-3 and is fully approved and entitled for a three-story, 24 unit senior multifamily building. The proposed development, Luther Gardens, Apartment for Seniors; offers a fantastic opportunity to capitalize on the growing demand for senior housing in an neighborhood with close proximity to medical facilities, shopping centers, schools, freeways, and public transportation.

Listing Details

Property type: (Commercial)
Status: Active
MLS# ML81997951
Price: $1,200,000
HOA Fee is $0.00
0.79 acres
Lot size: 0.7934
County: Sacramento
Zoning: R-3
MLS area: 699 - Not Defined

Last Updated: 4/25/2025

 Days On Market (DOM): 51

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 38.492783, -121.464043.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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