Entitlement permits have been filed for a substantial multi-family building at 4625 10th Avenue in Oak Park, Sacramento. The permits describe a 115,854 square foot structure, yielding 130 units. Turton Commercial Real Estate is responsible for the sale of the property.
The developers have had their submission and planning review approved by the city, with just the entitlement submission remaining to be approved. Construction is estimated to cost $15.5 million. The building requests ministerial approval from the city of Sacramento, under the category of infill housing. The ministerial approval process requires proposals of over 11 units to offer ten percent of their residential apartments as affordable to lower-income households.
The address is right along Stockton Boulevard, a thoroughfare for light retail and other social infrastructure. The building is near the UC Davis’s healthcare campus, where SFYIMBY recently reported on the proposed $1.1 billion redevelopment of Aggie Square. Downtown Sacramento can be reached by a thirty-minute bus ride on the 38.