423 B Street

423 B Street is approximately 9,724 square feet of land centrally located on the southwest corner of 5th Street and B Street in the Washington Disctrict of West Sacramento, walking distance to restaurants and cafes as well as Downtown employment centers and nightlife. The property is zoned R-3 Residential Multifamily and consists of two (2) parcels: 423 B Street and 431 B Street, and collectively measure approximately 98 feet long by 99 feet wide.

Excellent location and open configuration offers numerous possible projects: apartments, single family residences, townhomes, and/or live/work units. The site can potentially yield up to 5 residential units. In addition to the future development potential, the Property also offers the opportunity to generate rental income in the interim during design and permitting. Currently, there is single family home on the Property, approximately 649 square feet, with 3 bedrooms and 1 bathroom, built in 1924.

The Property is one of the last few remaining hard corners available in West Sacrmaneto. In the Washington District and in nearby Bridge District, there are high-end residential development projects recently completed, with several thousand more units under way. Within a half mile of the Property are two of the largest public employers: California Department of General Services (DGS) and California State Teachers’ Retirement System (CalSTRS), which is planning a new 275,000-square-foot office building.