For Sale432d on market
7400 Shasta Ave
Elk Grove, CA, 95758 • Valley High-North Laguna • Sacramento County
$6,999,000
-$401,000 since Nov 19, 2025
6 acLot
Market activity
Demand and pricing signals for this listing
116 views
People checking out this listing
3 saves
Buyers have saved this home
432 days on market
Established listing
About this home
Lot
5.98-acre parcel of land that presents an exceptional opportunity for both residential and commercial development. Situated strategically between Sacramento and Elk Grove, this property is zoned for Residential and Residential Acreage, providing flexibility for a range of projects. Permit for 216 apartments by Sacramento City. Some key highlights of the property include: -Ideal for townhomes, apartment complexes, single family dwelling -Opposite the property is Cosumnes River College, a significant institution that could potentially complement certain types of developments. -The area boasts a population of 52,000 households with a median income of $84,827, indicating a strong market demand for various types of properties. -Easy access to major freeways, Sacramento International Airport, rail lines, and two ports, making it a hub for seamless connectivity. There is no CEQA requirement as it is an infill parcel, streamlining the development process. 2 lots - 2 APN - selling together or separate 2.84 acre - $2,840,000.00 APN/Parcel ID 117-0202-041 5.98 acre $7,440,000.00; APN/Parcel ID 117-0202-042
Estimated monthly payment
Based on current rates
$44,187/month
Principal & Interest$34,855
Property Tax$6,999
Insurance$2,333
Down payment20% ($1,399,800)
3%50%
Est. 6.35% rate · 30yr fixed · $5,599,200 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeResidential Acreage
Systems
Water / SewerPublic / Public Sewer
Parking & Outdoor
Lot5.98 Acres
Location & Tax
NeighborhoodValley High-North Laguna
Zoningpermit for 216 apartments
Annual tax$50,599
Parcel11702020420000
Features & details
2 categories of property features
Exterior Features
Lot Features
Corner Lot
Sidewalk(s)
Street Light(s)
Utilities
Public
Other
Listing insights
Market data and value estimates
StatusFor Sale
Days on market432
Est. rent$2,510/mo
Tax rate1.16%
On marketJan 29, 2025
PostedJan 29, 2025
MLS statusActive
MLS updatedNov 19, 2025
Tour days6
Views116
Favorites3
How are the schools in Elk Grove?
3 schools rated nearby
Location
Elk Grove, CA, 95758
Price history
4 events
DateEventPrice$/sqftSource
Nov 19, 2025Price Change$6,999,000—MetroList Services of CA
Jan 29, 2025Listed For Sale$7,400,000—MetroList Services of CA
Oct 23, 2024Listing Removed$5,400,000—MetroList Services of CA
May 22, 2024Listed For Sale$5,400,000—MetroList Services of CA
Price Change$6,999,000
Nov 19, 2025•MetroList Services of CA
Listed For Sale$7,400,000
Jan 29, 2025•MetroList Services of CA
Listing Removed$5,400,000
Oct 23, 2024•MetroList Services of CA
Listed For Sale$5,400,000
May 22, 2024•MetroList Services of CA
Tax history
19 years of records
YearTax paidAssessed value
Apr 7, 2025$50,599$4,828,496
Apr 7, 2024$50,199$4,733,820
Apr 7, 2023$48,879$4,641,000
Apr 7, 2022$48,006$4,550,000
Apr 7, 2021$19,403$1,818,648
Apr 7, 2020$19,129$1,800,000
Apr 7, 2019$12,070$1,126,706
Apr 7, 2018$13,251$1,104,614
Apr 7, 2017$11,545$1,082,955
Apr 7, 2016$12,819$785,000
Apr 7, 2015$8,865$785,000
Apr 7, 2014$8,865$785,000
Apr 7, 2013—$1,020,655
Apr 7, 2012—$1,000,643
Apr 7, 2011—$981,023
Apr 7, 2010—$973,692
Apr 7, 2008—$956,869
Apr 7, 2007—$938,107
Apr 7, 2006—$919,713
Nearby homes
Neighborhood details
Local context around this listing
Elk Grove, CA • Sacramento County
Nearby neighborhoods
Laguna LakeLaguna WestLakesideMonterey VillageNorth Laguna CreekQuail Ranch EstatesSheldonSheldon Road EstatesStonelakeValley High-North Laguna
Nearby cities
AntelopeAntiochCarmichaelCitrus HeightsElk GroveFair OaksFolsomGalt
Nearby zip codes
95624957579575895759
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