Multi-Family

Development Opportunity

S. O Street · Lincoln, Placer County, CA 95648

Listing Price
$1,790,000
Seller financing available
Total Acreage
5.91±
Across 5 parcels
Zoning
R3/R1
High-density residential

Executive Summary

Potential High Density Infill Project in the City of Lincoln.

An excellent developer/builder opportunity has emerged in the City of Lincoln. Presented is a group of 5 contiguous parcels owned by 3 different owners who wish to see their land developed into a much-needed residential usage. To date, the City of Lincoln has expressed interest in more housing.


These parcels total approximately 5.91 acres. The parcels represent a future infill residential project. 182 South O Street, Lincoln, is owned by a homeowner, and 198 South O Street, Lincoln (comprising the other 4 parcels) is owned by two remaining owners and includes both rental property and bare land. 


This group of parcels is surrounded by both single-family residences and multi-family apartments. (See video or photo?) A portion of this grouping has actual multi-family zoning and the remaining parcels would need clarification upon final map approval.


This group of parcels has previously been in escrow with two separate scenarios and two potential buyers for developing and building, i.e., townhomes and apartments. A fair amount of required information has been completed for both builder possibilities for a potential buyer. Serious buyers interested in residential development may request to view the historical documents.

Property Details

Five-Parcel Offering

The offering comprises the following five contiguous parcels in Placer County, collectively delivering 5.91± acres of level, development-ready land.

Parcel Number (APN) Approximate Acreage Notes
021-321-030-000 3.10 Acres Primary parcel — largest site
021-321-027-000 0.69 Acres 182 S. O St. (R1 zoning)
021-321-031-000 0.68 Acres 198 S. O St. (R1 zoning)
021-321-029-000 0.67 Acres Vacant land (R1 zoning)
021-321-028-000 0.67 Acres Vacant land (R1 zoning)
Total (5 Parcels) 5.91± Acres

DEVELOPMENT POTENTIAL

Project Highlights

This site offers multiple viable development paths, with existing plans and zoning already aligned for large-scale residential construction.

High-Density Apartment Plan — Total Units
~180
Current R3 zoning paired with existing architectural drafts supports an approx. 180-unit, 3-story apartment configuration across three buildings — shovel-ready planning collateral in place.
Townhome Development
Creek Haven
The site features an expired tentative map for a 92-unit townhome project known as "Creek Haven" — a proven development concept ready to be revisited and reactivated.
1
Utilities Ready
Sewer and water infrastructure are located less than 500 feet from the site, significantly reducing connection costs and development timeline.
2
Superior Connectivity
Easy access to Highway 65. Just 15 minutes to Roseville with proximity to major shopping centers, medical facilities, and everyday services.
3
Level Topography
The combined parcels offer a flat, level site — minimizing grading costs and simplifying foundation and infrastructure work for any development plan.
4
Dead-End Street Privacy
Located on a quiet, dead-end street — ideal for a residential community. Low through-traffic creates a peaceful environment highly valued by future residents.

LOCATION ADVANTAGES

LINCOLN, PLACER COUNTY

The City of Lincoln is among the Sacramento region's fastest-growing communities, a desirable suburb with strong housing demand, quality schools, and a growing commercial base.


  • Adjacent to Auburn Creek Apartments, proven residential demand in the immediate area
  • Near Lincoln Cemetery, providing a natural open space boundary
  • Only 15 minutes to Roseville via Highway 65
  • Close to major shopping, dining, and medical facilities
  • Quiet, dead-end street setting, ideal for residential development
  • Part of Placer County, one of California's strongest growth counties
Architectural Draft · April 2024
Site Plan — R3 Lot
Endurance Housing at Auburn Ravine · Lincoln, CA · Van Meter Williams Pollack LLP
↓ Download PDF
Endurance Housing at Auburn Ravine — R3 Lot Site Plan
↓ Download Full Plan
Total Units
85
1 Bedroom
41 48%
2 Bedroom
22 26%
3 Bedroom
22 26%