Maven V | 252 Units Development Opportunity

Maven V presents a rare and exceptional opportunity to acquire a fully entitled multifamily development site encompassing approximately 290,197 square feet within the sought-after Broadway Corridor of Sacramento, California. Strategically positioned at 2629–2649 5th Street, Sacramento, CA 95818, the property enjoys a prime location just south of Downtown Sacramento, ideally situated between West Sacramento, Land Park, and the Central Business District.

The offering includes a shovel-ready development site approved for the construction of 252 garden-style apartment units across three contiguous parcels. The unit mix has been thoughtfully designed to include 64 studio units, 116 one-bedroom/one-bathroom units, and 72 two-bedroom/two-bathroom units, catering to a wide range of future residents.

Architecturally, the project features a modern and efficient design, with buildings constructed on concrete slab foundations, stucco exterior siding, composite shingle roofing, and private balconies to enhance tenant livability. The development plan includes eight total buildings, one of which will serve as a single-story clubhouse. Planned amenities include ample on-site parking, a spacious clubhouse with a business center, a fitness facility, a leasing office, and a resort-style swimming pool area.

Each apartment unit will be finished with high-end interior upgrades and luxury finishes, promoting an elevated residential experience. All utilities have already been stubbed to the site, and the building permit is ready to be pulled, significantly reducing lead time for development.

The site benefits from a flat topography and existing site improvements, further enhancing development feasibility. This property offers a unique blend of urban connectivity and residential neighborhood charm, providing future residents with immediate access to major employment hubs, lifestyle amenities, and all major regional freeways. The convenient location supports seamless commutes to Downtown Sacramento and the broader Sacramento metropolitan area.

Maven V is truly a best-in-class development opportunity positioned within a high-growth submarket, offering long-term value and strong appeal to both residents and investors. 

Please call the brokers for more details.