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2281 Sierra Boulevard, Sacramento, CA 95825, Sacramento, 95825 - 7 bed, 3 bath

2281 Sierra Boulevard, Sacramento, CA 95825 home-pic-0
ACTIVE$1,950,000
2281 Sierra Boulevard, Sacramento, CA 95825
7Beds
3Baths
2,400Sqft
127,195Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 127195, living area = 2400.
Top Cons:
Extended Lease Obligation: The current lease agreement extends until September 2026, delaying immediate redevelopment or owner-occupancy plans.

Compared to the nearby listings

Price:$1.95M vs avg $500.0K (+$1,450,000)98%
Size:2,400 sqft vs avg 1,693 sqft96%
Price/sqft:$812 vs avg $31798%

More Insights

Built in 1962 (63 years old).
Condition: Built in 1962, the property is over 60 years old with no apparent major renovations in the past 50 years. The kitchen and bathrooms are extremely dated, featuring original or very old cabinets, laminate countertops, old appliances, fluorescent lighting, and worn linoleum flooring, indicating significant wear and tear. The listing description explicitly states the residence 'does not hold any historical significance or significant monetary value' and 'could be demolished to make way for a new home or development.' The property analysis also lists 'Demolition Required' as a weakness, strongly suggesting the structure is considered beyond repair or worthwhile renovation, and its value lies solely in the land for redevelopment.
Year Built
1962
Close
-
List price
$1.95M
Original List price
-
Price/Sqft
$813
HOA
$0
Days on market
-
Sold On
-
MLS number
225146350
Home ConditionTear down
Features
Patio
View-

About this home

2281 Sierra Blvd is a suburban development opportunity measuring approximate 127,195 (2.92 Acre) square feet located off Sierra Blvd in the Campus Commons/Woodside neighborhood of Sacramento County. The property is zoned RD-30 High Density which permits a maximum density of 30 dwelling units per acre under the Sacramento County Zoning Code. The zoning code permits by right a myriad of different housing and density options under this zoning including a duplex, single-family attached and detached houses, dense multifamily housing, residential care homes up to 20 patients, SROs, Fraternity and Sorority houses, and child & adult care centers. The property features a two-story single-family residence with 7 bedrooms and 2 bathrooms that was constructed in 1962. The residence served as a fraternity house for many decades but has most recently been leased to and occupied by a group home for adults with disabilities. The existing lease expires in September 2026 with the tenant paying approximately $3,500 per month. We assume that the residence does not hold any historical significance or significant monetary value, thus it could be demolished to make way for a new home or development on the site.

Nearby schools

3/10
Greer Elementary School
Public,•K-5•0.7mi
7/10
Harry Dewey Fundamental Elementary School
Public,•K-6•7.9mi
2/10
Encina Preparatory High School
Public,•6-12•0.9mi
Condition Rating
Tear down
Built in 1962, the property is over 60 years old with no apparent major renovations in the past 50 years. The kitchen and bathrooms are extremely dated, featuring original or very old cabinets, laminate countertops, old appliances, fluorescent lighting, and worn linoleum flooring, indicating significant wear and tear. The listing description explicitly states the residence 'does not hold any historical significance or significant monetary value' and 'could be demolished to make way for a new home or development.' The property analysis also lists 'Demolition Required' as a weakness, strongly suggesting the structure is considered beyond repair or worthwhile renovation, and its value lies solely in the land for redevelopment.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 127195, living area = 2400.
High-Density Zoning (RD-30): Zoned RD-30, allowing for a maximum density of 30 dwelling units per acre, which is highly attractive for significant residential development.
Substantial Land Area: A generous 2.92-acre (127,195 sqft) lot provides ample space for large-scale development projects.
Flexible Development Potential: Zoning permits a wide array of housing types, including multifamily, attached/detached homes, and specialized care facilities, offering significant developer flexibility.
Prime Location: Situated in the desirable Campus Commons/Woodside neighborhood of Sacramento, enhancing potential market value and appeal for future residents.
Interim Rental Income: The property currently generates $3,500 per month from an existing lease, providing holding income during the planning phase.

Cons

Extended Lease Obligation: The current lease agreement extends until September 2026, delaying immediate redevelopment or owner-occupancy plans.
Demolition Required: The existing 1962 residence is assumed to have no significant value and would likely require demolition, adding to development costs and timelines.
Significant Upfront Investment: The $1.95 million list price, coupled with demolition costs and the delayed development timeline due to the lease, represents a substantial initial investment.

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