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Natomas is generally divided into two areas by Interstate 80: North Natomas and South Natomas. North Natomas was historically an agricultural area on the floodplains of the Sacramento River , but grew quickly starting in the mid-1990s with extensive residential development, office park , and retail construction. [ 2 ]
In total, 9 real estate sales were registered in the area during the past week last week, with an average price of $458,222. The average price per square foot ended up at $297.
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Homes in this area were originally built in the 1950s. Many examples of California ranch architecture still remain. This one-time middle-class neighborhood has seen an increase in working poor residents over the past forty years, and has endured rising crime rates and decreased property values as rental units and city neglect have increased.
The neighborhood of Tahoe Park is centrally located in Sacramento, immediately south of U.S. Route 50 at 59th Street.. The area is less than 1-mile (1.6 km) southwest of California State University, Sacramento, less than 1-mile (1.6 km) east of the UC Davis Medical Center and approximately 4 miles (6.4 km) southeast of downtown Sacramento.
Lennar dates back to F&R Builders, a company founded in 1954 by Gene Fisher and real estate developer Arnold P. Rosen. In 1956, Leonard Miller, who later became the namesake of the Miller School of Medicine at the University of Miami, a 23-year-old entrepreneur that owned 42 lots in Miami-Dade County, Florida, invested $10,000 and partnered with the company.