Alhambra Blvd Redevelopment — Sale in Sacramento, CA
- Price: $9.5M
- Listing type: For sale
- Asset type: Business
- Location: Sacramento, CA 95816
Photos
Description
Alhambra Blvd Redevelopment CBRE is pleased to present 324 Alhambra Boulevard — a generational full city block development site spanning 2.26 acres in the heart of East Sacramento, fully entitled for a 332-unit mixed-use multifamily development with 2,400 SF of ground-floor commercial and a 322-stall parking structure, with the potential for approximately 55 for-sale single-family townhomes. The site sits one block from McKinley Park, within walking distance of East Sac's best restaurants, Midtown retail, and two of Sacramento's major hospital systems — Sutter Health and Dignity Mercy Hospital. The approved project incorporates the historic brick facades of the former Mary Ann's Bakery along Alhambra Boulevard, D Street, and Chinatown Alley into the new building's design — a rare narrative that sets this development apart from conventional urban infill. For affordable housing developers, the site's designation as both a CTCAC High Resource Opportunity Area and a HUD Difficult Development Area positions it among the most competitive LIHTC sites available in California's capital region. For homebuilders, East Sacramento's supply-constrained resale market and affluent, ownership-oriented demographics make this one of the most compelling for-sale infill opportunities in urban Sacramento — a market where new residential projects are a genuine rarity.
Market Context
This mixed use in Sacramento, CA is listed for sale at $9,500,000. Compare it against other mixed use listings for sale in Sacramento, CA — view the full market.
First seen on CREHunt: Sep 23, 2026
Contact
- Patrick Stelmach · 916 446 8200 · patrick.stelmach@cbre.com
- Randall Grimsman · +1 9164468745 · randall.grimsman@cbre.com
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