8240 Elk Grove Florin Road, Sacramento, CA 95829, Sacramento, 95829 - 3 bed, 3 bath
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Sacramento, CA 95829
Analysis of 8240 Elk Grove Florin Road, Sacramento, CA 95829 is currently available with a list price of $1,498,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Sacramento Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property was built in 1968 (56 years old) with no mentioned renovations. The listing description explicitly states to 'forget the house' and focus on the 'dirt,' marketing the property solely for its 2.96-acre land value and subdivision potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 128938, living area = 2433.
The RD5 zoning designation on 2.96 acres allows for a high-density residential subdivision, offering a significant opportunity for developers to build multiple single-family homes or detached units.
Situated in a high-demand Sacramento pocket with low inventory, this property is perfectly positioned for a high-yield residential project in a market starved for new housing.
The existing 1968 residence is marketed as having little value compared to the land, likely requiring demolition or significant clearing costs to prepare the site for its highest and best use.
Unlocking the property's full value requires an aggressive developer to navigate the subdivision process, which involves significant upfront capital, permitting, and infrastructure investment.
Forget the houselook at the dirt. The real wealth at 8240 Elk Grove Florin Rd is entirely unlocked by its prime RD5 zoning designation on 2.96 sprawling acres. In a market starved for inventory, this isn't just land; it's a high-yield residential subdivision pipeline waiting for an aggressive developer to strike. With RD5 zoning, you have a green light for density. This translates directly to building single-family homes or detached units right in a high-demand Sacramento pocket.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,433 | - |
| Lot Size | 128,938 | - |
| Price | $1.50M | $505.7K |
| Price per sq ft | $616 | $341 |
| Built year | 1968 | 0 |
| HOA | $0 | $0 |
| Days on market | 34 | 42 |
Jun 18, 2026
$1,498,000
Initial Listing
Jun 4, 2021
$750,000
Public Record