Mixed-use development opportunity in Diamond Springs. Existing 4,000 SF commercial building divided into four units, currently vacant and ready for repositioning. Zoning supports mixed-use use. Proposed plan adds two additional floors with 16 new one-bedroom/one-bathroom apartments (approximately 500 SF each), bringing total building size to approximately 12,000 SF while retaining the required commercial component. Project is SB 35 Streamlined Eligible. New SB 35 and TIF applications are due by July 15, 2026. Potential for 75% TIF waiver if approved. Preliminary approvals in place based on zoning and General Plan. Buyer to verify all entitlements, density bonus eligibility, SB 35/TIF eligibility, unit count, costs, timelines, and plan details through independent due diligence. All information is illustrative only.
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Diamond Springs is located in California. Diamond Springs, California has a population of 11,545. Diamond Springs is more family-centric than the surrounding county with 31.12% of the households containing married families with children. The county average for households married with children is 30.32%.
The median household income in Diamond Springs, California is $64,674. The median household income for the surrounding county is $88,770 compared to the national median of $69,021. The median age of people living in Diamond Springs is 47.1 years.
The average high temperature in July is 92.5 degrees, with an average low temperature in January of 36.5 degrees. The average rainfall is approximately 38.4 inches per year, with 1 inches of snow per year.
