SACRAMENTO—Much-needed affordable housing is on the way to Sacramento. San Rafael-based EAH Housing recently acquired an approximately 1.27-acre site at 1901 Broadway from Sutter Capital Group.
This urban infill transit-oriented multifamily development site is in the Broadway Corridor near downtown. Currently housing a 28,415-square-foot vacant office building, the property sold for a price equating to $40,000 per multifamily unit based on EAH's development plans.
Jason Parr and Scott MacDonald with Cushman & Wakefield's Northern California multifamily advisory group represented the seller in the transaction.
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