2281 Sierra Blvd, Sacramento, CA 95825

2281 Sierra Blvd (the "Subject Property") is a suburban development site measuring approximate 127,195 (2.92 acres) square feet located off Sierra Blvd in the Campus Commons/Sierra Oaks/Woodside neighbor- hood of Sacramento County.

The Subject Property is zoned RD-30 High Density Multifamily Residence 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 Subject Property features a two-sto-ry single-family residence with 7 bedrooms and 2 bathrooms that was constructed in 1962. The residence served as a fraterni- ty 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 res-idence does not hold any historical signifi- cance or significant monetary value, thus it could be demolished to make way for a new development on the site.

The Subject Property is encumbered by a utility easement by Great Western Power Company, with power lines and poles run-ning nearly the entire north-south length of the Subject Property. The land beneath the powerlines cannot generally be developed although it can likely house common area amenities and parking facilities for the mul-tifamily or commercial development. The developable land measures approximate- ly 37,765.50 square feet (.87 acre) on the northeast corner of the Subject Property. The Subject Property is bordered by res-idential uses on the east, west, and north sides of the site. There is a mix of residen- tial and commercial uses to the south of the site, most notably the Shalom School and Mosaic Law Congregation. The intersection of Howe Ave and Sierra Blvd is approxi- mately .25 miles west of the Subject Prop- erty and the high-visibility corner of Fair Oaks Blvd and Howe Ave is approximately .6 miles away. The Subject Property is sur- rounded by many amenities, easy access to freeways, and near the Sacramento central business district.