Appendix B Table 2B
Projects: South Neighborhoods
MIHO Review
Sacramento, CA
DRAFT
Unit Type Single Family
Detached
Single Family
Detached
Single Family Detached Small Lot Single Family Apartments Apartments Project Name Delta Shores MDR-5 Delta Shores MDR-8 Ventris Place The Reserve College Square Apartments
Klotz Ranch Apartments
Location North of Delta Shores
Circle
North of Delta Shores
Circle
6441,6481 Jacinto Ave Jacinto & Bruceville 8373 Bruceville Road 7699 Klotz Ranch Developer Signature Homes Signature Homes SKK Developments Next Generation Capital Majority Investments Cora Properties Status Approved Approved Approved Approved Approved
Site Size 10.2 acres 11.9 acres 3.9 acres 3.2 acres 8.8 acres 12.7 acres No. of Dwelling Units (du) 87 du 136 du 37 du 53 du 351 du 266 du Density (du/ac) 8.5 dua 11.4 dua 9.5 dua 16.8 dua 40.1 dua 20.9 dua notes (net acres) (net acres) 2,720 sf min lot Lots: 1,500 - 2,000 sf (gross) Unit Size Range 1400 - 2000 sf 3BR: 1,393 - 1,586 sf Studios: 465 - 640 sf 1 BR: 756 - 959 sf
2BR: 1028 - 1195 sf
One BR: 506 - 676 sf
Two BR: 746 - 971 sf
Three BR: 1,251 sf
Average Unit Size 750 sf (estimated)
Bedroom Mix
Studio 31%
1-Bedrooms 51% 48%
2-Bedrooms 18% 45%
3-Bedrooms 100% 7%
4-Bedrooms
Avg No. Bedrooms 3.0 BRs 0.9 BRs 1.6 BRs
Building Type 2 story single family
detached units.
2 story single family
detached units, most
w/alley-loaded garages.
Amenity areas. Units
appear attached.
11, 3-story Type V-A
buildings with amenities
and surface parking.
6, 4-story buildings with
amenities, tuck-under and
surface parking.
Parking 116 spaces, mix of
covered and on-street.
351 spaces 537 parking spaces (260
req'd)
Notes Land listed for sale:
$2.331,000 or $63,000 / lot
"Missing Middle" housing.
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 2C
Projects: North Sacramento and South Natomas
MIHO Review
Sacramento, CA
DRAFT
Unit Type Single Family Detached Single Family Detached Apartments Mixed Use Apartments Project Name Morey Morrison
Subdivision
San Juan Road
Subdivision
Arden Gateway Sacramento Apartments
Location 51 Morey Avenue and 40
Morrison Avenue
920 San Juan Rd 1401 Arden Way 3201 Marysville Blvd
Developer CEC Homes SKK Developments Debartolo Development Heritage Vila Status Selling / Ready to Build Approved Approved Entitlement Review Site Size 17.2 (gross) 8.34 acres 24.3 acres 1.4 acres
No. of Dwelling Units (du) 101 lots 77 du 731 du 108 du Density (du/ac) 5.9 dua 9.2 dua 30.1 dua 76.6 dua
notes Lots: 2480 - 5076 sf
Avg: 3,000 sf
Lots: 1,793 - 2,427 sf
Unit Size Range 3BR: 1,449 sf - 1,539 sf
4BR: 1,965 - 2,068 sf
3BR: 1,296 - 1,415 sf studio: 544 sf
1BR: 689, 798 sf
2BR: 998 - 1,196 sf
3BR: 1,297 sf
THs: 1,642 - 1,765 sf
1BR: 738 sf
2BR: 1,028 sf
Average Unit Size 894 sf 918 sf
Bedroom Mix
Studio 5%
1-Bedrooms 47% 38%
2-Bedrooms 40% 62%
3-Bedrooms 70% 100% 9%
4-Bedrooms 30%
Avg No. Bedrooms 3.3 BRs 3.0 BRs 1.5 BRs 1.6 BRs
Building Type 99 single family detached
units and two park lots.
2 story homes with
attached 2 car garages at
the rear. 12 common lots
including open space.
21, 3-story buildings, two
phases.
5-story building with
ground floor retail. Type
IIIA over Type IA podium.
3,290 sf retail/rest.
Parking Attached garages Attached garages in the
rear.
944 spaces provided (366
req) surface and garage
parking
111 spaces provided.
Notes Listed from ~ $450,000
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 2D
Projects: North Natomas
MIHO Review
Sacramento, CA
DRAFT
Unit Type Single Family Single Family Attached
Units
Condominiums
(Townhome style)
Single Family Half-Plex
and SF Detached plus
ADUs - RENTALS
Apartments
No photo available
Project Name Greenbriar Phase 2:
Single Family Units
Northpointe Reserve Arena Brownstone
Living
Tanzanite Spanos Apartments at
Natomas Crossing
Location Elkhorn Blvd & Hwy 99 Bridgecross & Honor
Parkway
2549 Arena Blvd. 3575 Airport Rd. 3949 Truxel Road
Developer Integral Regency Park / Next
Generation Capital
Innovate Natomas, Brooks
Street
Alleghany Properties /
New Growth Living
Spanos Corporation
Status Approved Entitlement Review Under Construction
Site Size na 2.7 acres 8.0 acres 18.1 acres (gross) 10.3 acres No. of Dwelling Units (du) 1,038 du 48 du 282 du 138 du 293 du Density (du/ac) 9.2 dua average 17.8 dua 35.4 dua 28.4 dua notes Lot sizes 2,788 - 5,500 sf Lots: 1,449 - 4,094 sf.
Avg: 1,778 sf
Lots: 2,502 - 4,174 sf
Unit Size Range "1500 - 4000 sf homes" 3BR: 1,393 - 1,411 sf 625 - 1100 sf SFD: 3BRs, 1,501 sf Half-Plexes: 2BR w/1,013
sf and a 3BR with 1,572 sf
and an ADU above the
garage.
Studios: 571 sf
1BR: 619 sf, 707 sf
2 BR: 798 - 1,148 sf
3 BR: 1,343 sf
Average Unit Size 1,400 sf (est) 1,305 sf 882 sf
Bedroom Mix
Studio 11% 7%
1-Bedrooms 53% 33%
2-Bedrooms 35% 47% 53%
3-Bedrooms 100% 53% 7%
4-Bedrooms
Avg No. Bedrooms 3.0 BRs 1.2 BRs 2.5 BRs 1.6 BRs
Building Type 8, 2story buildings with
attached units. Shared
amenities and open space.
12 buildings with 3 story
walkups. Shared open
space and courtyards.
130 single family half-plex
(1 story attached to 2
story), 8, 2-story SFDs, 73
ADUs, clubhouse.
5, 4-story buildings with
tuck-under garage parking
and surface parking.
Parking 2 car garages for each
unit. 12 additional spaces.
Attached and detached
garages.
Attached garages facing
private alleys. Units with
ADUs have three-car
garages.
551 total (440 req'd). 205
carport spaces, 89 garage,
257 spaces uncovered
Notes "Built-to-rent" homes.
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 2D
Projects: North Natomas
MIHO Review
Sacramento, CA
Unit Type
Project Name
Location
Developer
Status
Site Size
No. of Dwelling Units (du)
Density (du/ac)
notes
Unit Size Range
Average Unit Size
Bedroom Mix
Studio
1-Bedrooms
2-Bedrooms
3-Bedrooms
4-Bedrooms
Avg No. Bedrooms
Building Type
Parking
Notes
DRAFT
Apartments Apartments Apartments Master Planned
Community - MIHO
Compliance
Planned Unit
Development - MIHO
Compliance
No photo available No photo available No photo available Greenbriar Phase 2:
Multi Family Units
The Core Natomas Medley Apartments Greenbriar Panhandle PUD Elkhorn Blvd & Hwy 99 2705 Orchard Lane 4170 East Commerce Way North Natomas North Natomas Integral Sunrise Luxury Living Blue Mountain
Communities
Constructed
9.2 acres 12.3 acres 6.4 acres 577.0 acres 465.5 acres
352 du 300 du 160 du 2,953 du
38.3 dua 24.4 dua 24.9 dua
"400 - 700 sf apartments" 1BR: 735 sf, 764 sf
2BR: 1,036 - 1,193 sf
3BR: 1,393 sf
1BR: 735 sf
2BR: 1,050 sf
3BR: 1,135 sf
929 sf 953 sf
53% 35%
42% 50%
5% 15%
1.5 BRs 1.8 BRs
13, 3-story buildings with
tuck-under garage parking
and surface parking, plus
2, 1-story commty bldgs.
8, 3-story bldgs with tuck
under and surface parking
and a one-story clubhouse
501 total (451 req'd). 203
garage spaces, 102
carports, 196 uncovered.
274 spaces (240 req'd)
2,425 for-sale units, up to 528
rental units incl 189
affordable senior units.
Densities range from 6 dua to
36 dua. 28.6 net acres of
comml, 28.4 acres of parks,
40.9 acres of lakes, 9.9 acre
school site and 57.9 acres
open space. "Affordable by
design" residential. Senior
affordable units satisfy MIHO
for the for-sale units (2,425 *
2,050 sf/unit *$2.67 / $70,182
= 189 units). Market rate
rental units will have separate
MIHO compliance.
1,662 single family residential
"move-up housing" in the 3-8
dua range. School sites,
parks, open space. Lots sizes
will range from 3,000 - 14,500
sf (Village, Traditional and
Estate lots). Homes will be
1200 sf - 3500 sf. In 2018,
sales prices estimated $350 -
$750k. MIHO compliance: 16
affordable units & $7.7 million
fee.
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 2E
Projects: Inner South and East Neighborhoods
MIHO Review
Sacramento, CA
DRAFT
Unit Type Single Family Detached Single Family
Detached
Single Family Detached Single Family Detached Apartments Mixed Use Apartments Student Housing Project Name Fairgrounds
Subdivision
Homes at Potrero Sutter Park Crocker Village 29SC Maven C Apartments
Stockton Blvd - West
Parcel
The Wexler
Location 325 Fairgrounds Drive 1900 Potrero Way 5105 F Street Crocker Drive & Portola Way
2629 5th Street 4601 10th Ave 6620 Folsom Blvd.
Developer Western America Next Generation Capital Tim Lewis Communities Blackpine Communities 29th St Capital College Town International Sympho ny Development Status Constructed Selling Selling Selling Constructed
Site Size 6.7 net acres 1.9 acres 13.2 acres 6.8 acres 1.5 acres 2.82 acres No. of Dwelling Units (du) 68 du 14 du 88 du 117 du 252 du 130 du 223 du Density (du/ac) 10.1 dua 7.2 dua 7 dua 8.9 dua 37.3 dua 86.7 dua 79.1 dua notes Lots: 3800 - 6000 sf (net acres) (net acres) (net acres) Unit Size Range 3BRs: 1800 - 2700 sf 3BRs: 1,508 - 1,611 sf 1,500 - 3,100 sf 1,866 sf - 2,785 sf Studios: 500 - 550 1BRs: 675 - 930 sf
2BRs: 925 - 960 sf
Studios: 400, 475 sf
1 BR: 500 - 650 sf
2 BR: 875 - 1100
1 BR: 483 sf
2BRs: 668 - 943
3 BRs: 1222 - 1266 sf
4BRs: 1107 - 1414 sf
5 BRs: 1540 - 1644 sf
Average Unit Size 632 sf
Bedroom Mix
Studio 25% 33%
1-Bedrooms 3 and 4 BRs 46% 53% 9%
2-Bedrooms 3, 4 and 5 BRs option for 5 29% 14% 29%
3-Bedrooms 100% 100% 7%
4-Bedrooms 52%
Avg No. Bedrooms 3.0 BRs 3.0 BRs 1.0 BRs 0.8 BRs 3.1 BRs Building Type Single family detached
lots.
Single family homes with
2 car attached garages.
1 and 2 story single family
homes
1 and 2 story homes with
a mix of front loaded and
alley loaded garages.
8, 3-story garden
apartments with 1 story
commty building.
3 to 5 story building with a
Type IA podium. Ground
floor retail (1,000 sf) and
parking.
3 buildings, 3, 5, and 6
stories, with 5 story parking
structure.
Parking Attached 2 car garages. Attached 2 car garages 273 spaces (0.75 sp/unit) 130 parking spaces 330 spaces (319 residential). 253 req'd
residential. Separate
parking structure
Notes Selling from low
$700,000s
Sold/selling from high
$700s - $1.3 million +.
Selling in low $1Ms. Land sold 12/2019 for $4.2
million
$4 asking rents
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 3
Change in Asking Rents in Newer Apartment Buildings, Summer 2022 to Winter 2023 Feasibility Analysis
Sacramento MIHO Review DRAFT
Units Square Feet % Change
summer 22 winter 23 summer 22 winter 23
Central City
The Frederic Built in 2021. 8-story building. Density - 182 dua. 609 Capitol Mall
Studios 24 560 $2,206 $2,061 $3.94 $3.68 -7%
One Bedroom 78 694 $2,757 $2,397 $3.97 $3.45 -13%
Two Bedroom 60 993 $3,452 $3,479 $3.48 $3.50 1%
Weighted Average 162 785 $2,933 $2,748 $3.78 $3.51 -6%
The Carlaw Built in 2020. Three-story building. Density: 42 dua. 1024 R St
Studios 8 575 $1,950 $1,950 $3.39 $3.39 0%
One Bedroom 10 909 $2,890 $2,780 $3.18 $3.06 -4%
Two Bedroom 8 1,338 $3,450 $3,450 $2.58 $2.58 0%
Weighted Average 26 938 $2,773 $2,731 $3.06 $3.01 -2%
17 Central Built in 2022. 8-story building. Density: 383 dua 1026 17th St.
Studios 66 453 $1,807 $1,810 $3.99 $4.00 0%
One Bedroom 45 666 $2,466 $2,416 $3.70 $3.63 -2%
Weighted Average 111 539 $2,074 $2,056 $3.87 $3.85 -1%
Onyx Midtown Built in 2020. Three-story building. Density: 91 dua. 1818 X St. Sold in Sep 2021 for $341,000 per unit; 4.75% cap rate.
One Bedroom 34 601 $1,829 $1,659 $3.04 $2.76 -9%
Two Bedroom 7 1,042 $2,459 $2,460 $2.36 $2.36 0%
Weighted Average 41 676 $1,937 $1,796 $2.93 $2.69 -7%
The Press Built in 2020. Five-story building with 310 garage spaces. Density: 109 dua. 1714 21st St Sold in 2020 for $118 m ($426,000 / unit).
Studios 89 529 $1,844 $1,838 $3.49 $3.47 0%
One Bedroom 137 698 $2,193 $2,110 $3.14 $3.02 -4%
Two Bedroom 44 929 $2,861 $2,636 $3.08 $2.84 -8%
Three Bedroom 7 1,326 $3,785 $3,755 $2.85 $2.83 -1%
Weighted Average 277 696 $2,227 $2,148 $3.24 $3.08 -4%
The Mansion Built in 2022. Five-story wood frame. Density: 158 dua. 1517 H St.
Studios 47 520 $1,921 $2,018 $3.69 $3.88 5%
One Bedroom 27 640 $2,380 $2,339 $3.72 $3.65 -2%
Two Bedroom 74 982 $3,136 $3,146 $3.19 $3.20 0%
Three Bedroom 38 1,531 $4,802 $4,807 $3.14 $3.14 0%
Weighted Average 186 928 $3,060 $3,083 $3.38 $3.32 1%
Asking Rent / Mo Rent / SF
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 3
Change in Asking Rents in Newer Apartment Buildings, Summer 2022 to Winter 2023 Feasibility Analysis
Sacramento MIHO Review DRAFT
Units Square Feet % ChangeAsking Rent / Mo Rent / SF
Eleanor Apartments Built July 2021. Five-story building. Density: 161 dua. 501 16th St.
Studios 25 535 $1,613 $1,864 $3.01 $3.48 16%
One Bedroom 40 613 $2,184 $2,073 $3.56 $3.38 -5%
Two Bedroom 30 1,020 $3,252 $3,062 $3.19 $3.00 -6%
Weighted Average 95 721 $2,371 $2,330 $3.30 $3.23 -2%
The Didion Built 2020. Four-story wood frame. Two garage spaces. Density: 80 dua. 2417 J St. Sold Feb 2022 for $698,000/unit; 4.62% cap rate.
One Bedroom 12 923 $2,774 $2,673 $3.01 $2.90 -4%
Weighted Average 12 923 $2,774 $2,673 $3.01 $2.90 -4%
1430 Q Built in 2020. 8-story building. Density: 170 dua. 1430 Q St. Sold in Mar 2022 for $761,000 per unit; 4.7% cap rate.
One Bedroom 32 857 $2,694 $2,768 $3.14 $3.23 3%
Two Bedroom 41 1,532 $4,256 $4,186 $2.78 $2.73 -2%
Three Bedroom 2 1,905 $5,501 $5,467 $2.89 $2.87 -1%
Weighted Average 75 1,254 $3,623 $3,615 $2.94 $2.88 0%
19J Apartments Built 2019. 11-story building.
1829 J St
Studios 129 404 $1,748 $1,769 $4.33 $4.38 1%
One Bedroom 46 710 $2,986 $2,950 $4.21 $4.15 -1%
Weighted Average 175 484 $2,073 $2,079 $4.29 $4.29 0%
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 3
Change in Asking Rents in Newer Apartment Buildings, Summer 2022 to Winter 2023 Feasibility Analysis
Sacramento MIHO Review DRAFT
Units Square Feet % ChangeAsking Rent / Mo Rent / SF
H16 Built 2020. Five-story building. Density: 161 dua.
731 16th St.
Studios 42 519 $1,926 $1,637 $3.71 $3.15 -15%
One Bedroom 41 659 $2,296 $1,873 $3.48 $2.84 -18%
Two Bedroom 12 1,016 $3,015 $2,424 $2.97 $2.39 -20%
Weighted Average 95 642 $2,223 $1,838 $3.52 $2.86 -17%
Inner South & East + West of I-5
The Flats at The Mill Built in 2020. Four-story wood frame with 12 tuck-under parking garages. 455-459 Tailoff Ln Currently in escrow. Sold in 2020 for $4.45 M ($371,000/unit); 6.13% cap rate.
Two Bedroom
12 1,247 $3,475 $3,410 $2.79 $2.73 -2%
Weighted Average 12 1,247 $3,475 $3,410 $2.79 $2.73 -2% Gio Apartments Built in 2019. Five-story building. Density: 43 dua. 3675 T St.
Studios 22 594 $1,744 $2,019 $2.94 $3.40 16%
One Bedroom 128 708 $2,265 $2,238 $3.20 $3.16 -1%
Two Bedroom 60 1,070 $2,956 $2,893 $2.76 $2.70 -2%
Three Bedroom 3 1,394 $3,353 $3,787 $2.41 $2.72 13%
Weighted Average 213 808 $2,421 $2,422 $3.04 $3.00 0%
Maven on Broadway Built in 2022. Three-story building. Density: 58 dua. 2570 3rd St
One Bedroom 319 707 $2,033 $1,936 $2.88 $2.74 -5%
Two Bedroom 89 957 $2,304 $2,218 $2.41 $2.32 -4%
Weighted Average 408 762 $2,092 $1,998 $2.77 $2.62 -5%
The Angelino Luxury Apts. Built in 2019. Two-story buildings. Density: 43 dua. 945 48th St 33 surface parking spaces.
One Bedroom 17 782 $2,402 $2,395 $3.07 $3.06 0%
Two Bedroom 3 1,003 $3,069 $3,059 $3.06 $3.05 0%
Weighted Average 20 815 $2,502 $2,495 $3.07 $3.06 0%
Sutter Triangle Built in 2021. Three-story wood frame, surface parking. Density: 35 dua. 533 53rd St. Sold in 2021 for $754,545/unit; 4.53% cap rate.
One Bedroom 6 976 $2,961 $2,975 $3.03 $3.05 0%
Two Bedroom 5 741 $2,314 $2,325 $3.12 $3.14 0%
Weighted Average 11 869 $2,667 $2,680 $3.07 $3.08 0%
Southern Neighborhoods
The Landing at College Square Built in 2017. Three-story wood frame with 270 spc garage. Density: 26 dua. 7640 W Stockton Blvd. Sold Feb 2020 for $240,000 / unit.
One Bedroom 126 758 $1,879 $1,808 $2.48 $2.39 -4%
Two Bedroom 120 1,059 $2,176 $2,177 $2.05 $2.06 0%
Three Bedroom 24 1,214 $2,429 $2,529 $2.00 $2.08 4%
Weighted Average 270 932 $2,060 $2,036 $2.25 $2.18 -1%
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 3
Change in Asking Rents in Newer Apartment Buildings, Summer 2022 to Winter 2023 Feasibility Analysis
Sacramento MIHO Review DRAFT
Units Square Feet % ChangeAsking Rent / Mo Rent / SF
North Sacramento & South Natomas
The Eisley Built in 2021. Four-story buildings. Density: 29 dua. 1567 Bartlett Lane 518 surface parking spaces. Sold in June 2021 for $279,000/unit.
Studios 21 553 $1,801 $1,776 $3.26 $3.21 -1%
One Bedroom 199 741 $2,144 $2,022 $2.89 $2.73 -6%
Two Bedroom 159 1,055 $2,655 $2,556 $2.52 $2.42 -4%
Three Bedroom 26 1,530 $3,339 $3,241 $2.18 $2.12 -3%
Weighted Average 405 905 $2,404 $2,297 $2.72 $2.54 -4%
Sutter Green Built in 2018. Three-story buildings.
2205 Natomas Park Dr.
One Bedroom 106 774 $2,304 $2,329 $2.98 $3.01 1%
Two Bedroom 142 998 $2,869 $2,320 $2.87 $2.32 -19%
Weighted Average 248 902 $2,628 $2,324 $2.92 $2.58 -12% Alira Built in 2020. Four-story buildings. Density: 28 dua. 4100 Innovator Lane Sold in Dec 2020 for $315,000 / unit.
Studios 20 571 $1,955 $1,860 $3.42 $3.26 -5%
One Bedroom 133 689 $2,084 $2,040 $3.02 $2.96 -2%
Two Bedroom 120 1,067 $2,336 $2,450 $2.19 $2.30 5%
Three Bedroom 20 1,338 $2,800 $3,365 $2.09 $2.51 20%
Weighted Average 293 880 $2,227 $2,286 $2.65 $2.60 3%
The Core Natomas Built in 2020. Three-story buildings w/surface parking. 2745 Orchard Lane Density: 26 dua. Sold in 2022 for $491,000 / unit.
One Bedroom 165 748 $2,283 $2,139 $3.05 $2.86 -6%
Two Bedroom 120 1,122 $2,760 $2,741 $2.46 $2.44 -1%
Three Bedroom 15 1,396 $3,050 $3,350 $2.18 $2.40 10%
Weighted Average 300 930 $2,512 $2,440 $2.77 $2.62 -3%
Source: CoStar.
North Natomas
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 4
Apartment Unit Mix
MIHO Review
Sacramento, CA
DRAFT
Recently Built Apartments
Central 7+
Stories
Central 3-5
Stories South S/E Inner
N Sac S
Natomas N Natomas
Studios 49% 26% 0% 3% 3% 3%
One Bedroom 38% 41% 47% 71% 47% 50%
Two Bedroom 13% 27% 44% 25% 46% 40%
Three Bedroom 0% 6% 9% 0% 4% 6%
Studios 219 211 0 22 21 20
One Bedroom 169 333 126 470 305 298
Two Bedroom 60 216 120 169 301 240
Three Bedroom 0 47 24 3 26 35
No of Units in Data Set 448 units 807 units 270 units 664 units 653 units 593 units Pipeline Project Apartments
Studios 31% 40% 18% 28% 4% 3%
One Bedroom 51% 43% 50% 48% 46% 42%
Two Bedroom 19% 17% 30% 24% 42% 48%
Three Bedroom 0% 0% 3% 0% 8% 8%
No of Units in Data Set 837 units 121 units 617 units 382 units 839 units 753 units Blended Unit Mix - Pipeline and Recently Built
Studios 37% 28% 12% 12% 4% 3%
One Bedroom 46% 41% 49% 63% 46% 45%
Two Bedroom 17% 26% 34% 25% 44% 45%
Three Bedroom 0% 5% 5% 0% 6% 7%
Prototype Assumptions
Studios 35% 30% 5% 15% 5% 5%
One Bedroom 50% 40% 45% 60% 45% 45%
Two Bedroom 15% 25% 45% 25% 45% 45%
Three Bedroom 0% 5% 5% 0% 5% 5%
avg BRs 0.80 1.05 1.50 1.10 1.50 1.50
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 5
New Homes for Sale April 2022 and January 2023
MIHO Review
Sacramento, CA
DRAFT
Square Feet Lot Size Sales Price Price / SF Sales Price Price / SF Apr-22 Apr-22 Jan-23 Jan-23
Central City
9th and Broadway Attached duets. Two-bedroom units w/micro-studio rental unit.
Two Bedroom + Studi 1,770 $795,000 $449
Two Bedroom + Studi 1,940 $849,000 $438
Weighted Average 1,908 $822,000 $431 sold out / not avial.
Icon Attached townhomes
14th and C
Three Bedroom 1,662 $699,990 $421
Three Bedroom 1,704 $759,990 $446
Weighted Average 1,683 $729,990 $434 sold out / not avial.
Inner South and East Neighborhoods
The Traditionals Detached
Sutter Park
Three Bedroom 2,028 $1,065,000 $525
Four Bedroom 2,515 $1,170,000 $465
Four Bedroom 2,698 $1,108,000 $411
Five Bedroom 2,983 $1,149,000 $385
Five Bedroom 3,114 $1,300,000 $417
Weighted Average 2,667 5,500 $1,158,400 $434 sold out / not avial.
The Classics Detached. Small lot.
Sutter Park
Three Bedroom 1,801 $905,000 $502
Four Bedroom 2,202 $945,000 $429
Four Bedroom 2,704 $1,050,000 $388
Weighted Average 2,235 4,000 $966,667 $433 sold out / not avial.
Central Lofts Attached Townhomes
The Mill at Broadway
One Bedroom 658 $320,000 $486
Two Bedroom 961 $380,000 $395
Three Bedroom 1,450 $480,000 $331
Weighted Average 1,023 $393,333 $384 sold out / not avial.
Alley Row Detached. Alley-loaded.
Crocker Village
Three Bedroom 2,129 $970,230 $456 $943,730 $443
Three Bedroom 2,484 $1,031,160 $415 $1,004,660 $404
Four Bedroom 2,716 $1,078,330 $397 $1,051,830 $387
Weighted Average 2,443 5,250 $1,026,573 $420 $1,000,073 $409 net of 3,500
incentives
net of 30,000
incentives -3%
Potrero
South Land Park
Three Bedroom 1,540 n/a $659,900 $429
Three Bedroom 1,577 n/a $689,900 $437
1,558 $674,900 $433
Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 5
New Homes for Sale April 2022 and January 2023
MIHO Review
Sacramento, CA
DRAFT
Square Feet Lot Size Sales Price Price / SF Sales Price Price / SF Main Street Detached. Small lot.
Crocker Village
Three Bedroom 1,878 $823,730 $439 $798,730 $425
Three Bedroom 2,190 $860,730 $393 $835,730 $382
Three Bedroom 2,469 $995,730 $403 $970,730 $393
Three Bedroom 2,557 $998,730 $391 $973,730 $381
Three Bedroom 2,811 $1,001,730 $356 $976,730 $347
Weighted Average 2,381 4,750 $936,130 $393 $911,130 $383 net of 5,000
incentives
net of 30,000
incentives -3%
Southern Neighborhoods
Wickford Square Detached. Small lot.
Two Bedroom 1,229 $434,900 $354 $460,964 $375
Three Bedroom 1,434 $459,900 $321 $479,900 $335
Three Bedroom 1,562 $469,900 $301 $489,900 $314
Three Bedroom 1,826 $499,900 $274 $514,900 $282
Four Bedroom 1,843 $514,900 $279 $529,900 $288
Four Bedroom 2,001 $549,990 $275 $552,900 $276
Weighted Average 1,649 $486,248 $295 $504,744 $306
net of 2,000
incentives
net of 25,000
incentives 4%
North Sacramento and South Natomas
Morey Morrison Detached.
Three Bedroom 1,207 $423,500 $351 $419,000 $347
Three Bedroom 1,317 $447,500 $340 $429,000 $326
Three Bedroom 1,450 $447,500 $309 $444,000 $306
Three Bedroom 1,534 $463,500 $302 $459,000 $299
Weighted Average 1,377 3,000 $445,500 $324 $427,000 $310 net of 1,500
incentives
net of 20,000
incentives -4%
Park Village Detached.
Three Bedroom 1,422 $385,000 $271
Three Bedroom 1,780 $420,000 $236
Four Bedroom 1,896 $420,000 $222
Four Bedroom 2,121 $485,000 $229
Wei
ghted Average 1,804 5,000 $427,500 $237
North Natomas
Northlake Detached. list prices
Three Bedroom 1,975 not included in survey $623,000 $315 Four Bedroom 2,577 $746,000 $290
Five Bedroom 3,292 $867,000 $263
2,630 $750,000 $285
Source: The Gregory Group. List prices for Northlake units Prepared by Keyser Marston Associates, Inc.
File Name: Sac City Feas 8‐4‐23; 8/4/2023; hgr
Appendix B Table 6
New Homes Marketing as of April 2022
MIHO Review
Sacramento, CA DRAF
T
Source: The Gregory Group data as of Summer '22. See Appendix B Table 5 for underlying data.
South SFD
South Small Lot
S/E Inner SFD
S/E Inner Small Lot
N Natomas SFDN Natomas Small Lot
N Sac SFDN Sac Small Lot
Central Attached
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
500 1,000 1,500 2,000 2,500 3,000 3,500
Unit Size (square feet)
Central North Sac South Prototypes Winter '23 est
S/E Inner Prototypes Aug'22 Est. Log. (Central) Log. (North Sac) Log. (South) Log. (S/E Inner)
Appendix B Table 7
New Homes Marketing as of January 2023
MIHO Review
Sacramento, CA DRAF
T
Source: Corelogic ListSource, 7/21/2022. See Appendix B Table 5 for underlying data.
South SFD
South Small Lot
S/E Inner SFD
S/E Inner Small Lot
N Natomas SFD
N Natomas Small Lot
N Sac SFD
N Sac Small Lot
Central Attached
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
500 1,000 1,500 2,000 2,500 3,000 3,500
Unit Size (square feet)
North Sac South Prototypes Winter '23 est S/E Inner
N Natomas Central Log. (North Sac) Log. (South)
Log. (S/E Inner) Linear (N Natomas)
Appendix B Table 8
New Home Re-Sales by Geographic Area
MIHO Review
Sacramento, CA DRAFT
Source: Corelogic ListSource, 7/21/2022.
South SFD
South Small Lot
S/E Inner SFD
S/E Inner Small Lot N Natomas SFD
N Natomas Small Lot
N Sac SFD
N Sac Small Lot
Central Attached
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
500 1,000 1,500 2,000 2,500 3,000 3,500
Unit Size (square feet)
Resales of Homes Built Since 2017 and Sold July 2021 to June 2022 Central N Sac South
S/E Inner N Natomas Prototypes winter '23 est
Prototypes Aug'22 Est. Log. (Central) Log. (N Sac)
Log. (South) Log. (S/E Inner) Log. (N Natomas)
Appendix B Table 9
Home Price Trends, July 2021 to February 2023
MIHO Review
Sacramento, C
A DRAFT
Source: CoreLogic
$150
$200
$250
$300
$350
$400
$450
$500
Jul‐21 Oct ‐21 Jan ‐22 Apr‐ 22 Aug ‐22 Nov ‐22 Feb ‐23
Home Sale Prices Per Square Foot, July 2021 to February 2023 Units Built Since 1990, between 1,700 and 2,200 SF
Priced between $200 and $450 per square foot