401 I St
Sacramento 95814 · Southern Pacific / Richards · City of Sacramento · Coordinates: 38.58491, -121.50141
Executive Verdict · Public-Records Synthesis
Zoned M-2-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $532,000 ($452,000–$612,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$15,884 contributory est.)
Public building records show issued construction/renovation work on this parcel (15 total permits, latest Jul 27, 2026).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (parcel APN)
- ✓ Above-average reinvestment in Southern Pacific / Richards
12 substantial renovation & housing permits over 24 months (41.2 per 1,000 parcels vs. 30.4 citywide baseline) (#82 of 102 neighborhoods).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (Southern Pacific / Richards)
Watchouts & Due Diligence
- ! Mapped flood awareness zone (Zone X: minimal flood hazard)
all of the lot of the parcel intersects Zone X: minimal flood hazard. Outside mandatory federal SFHA insurance rules, but check local drainage and finished-floor requirements.
Source: FEMA National Flood Hazard Layer (parcel polygon)
- ! 6 slow or stalled nearby projects within ½ mile
Closest lead: Railyards Lot 46A Apartments (0.27 mi E, entitled). Inspect timeline history before assuming near-term completion.
Source: City of Sacramento CDD, Issued Building Permits (Current Year) · HCD APR (½-mile radius)
- ! Year 1 Prop 13 tax reset (~$6,515/yr at $532,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$543/mo). Confirm exact Mello-Roos / CFD special assessments on the county tax bill.
Source: CA Const. Art. XIIIA (Prop 13) · County Tax Collector
Parcel & Assessor
- Lot size:
- 763,171 sq ft (17.52 ac)
- Assessor use:
- Office · Office (General) · Two Story
- Tax rate area:
- 03308
- Addresses on lot:
- 303 I ST; 401 I ST; 415 H ST
Zoning & Land Use
M-2-SPD — Heavy Industrial Zone (I)
2040 General Plan: Public/Quasi-Public
State Housing Pathways Screen (ADU & SB 9)
- ADU or junior ADUUnlikely
Zoned M-2 (industrial): the zone doesn't allow homes, so state ADU rules don't apply.
- SB 9: two homes on the lotUnlikely
Zoned M-2 (industrial), not a single-family residential zone.
- SB 9: split into two lotsUnlikely
Zoned M-2 (industrial), not a single-family residential zone.
Mapped Hazard Zones on This Lot
- CAL FIRE Fire Hazard Severity Zone
- Not in a State-mapped fire hazard severity zone
- FEMA National Flood Hazard Layer
- Zone X: minimal flood hazard (all of the lot) · FIRM panel 06067C0160J, effective June 16, 2015
- CGS Alquist-Priolo Earthquake Fault Zone
- Not in an Alquist-Priolo Earthquake Fault Zone
Surrounding Rent & Value Benchmarks (Public Records)
Range: $452,000 – $612,000 · Status: Off market
HUD Small Area FMR (ZIP 95814) · FY 2026
Studio $1,640 · 1BR $1,720 · 2BR $2,120 · 3BR $2,820 · 4BR $3,250
Developments Deserving Closer Investigation & Active Area Builders
- Railyards Lot 46A Apartments (Entitled)0.27 mi E
In "Entitled" for 6.9 yr (since Dec 9, 2019), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (150 housing units across 0 permits).
- Railyards Lot 43 Multifamily Five Story (Fee estimate)0.28 mi E
In "Fee estimate" for 2.6 yr (since Apr 3, 2024), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (300 housing units, $80,216,824 declared valuation across 1 permit).
- Wong Center Senior Apartments (Entitled)0.32 mi E
In "Entitled" for 5.6 yr (since Apr 9, 2021), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (150 housing units across 0 permits).
- 301 Capitol Mall (Fee estimate)0.36 mi S
In "Fee estimate" for 9.8 yr (since Jan 27, 2017), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (100 housing units, $200,000,000 declared valuation across 1 permit).
Entity-resolved builders & contractors in ½ mile: Roebbelen Contracting (2 on parcel, 10 in ½ mi · Commercial tenant improvement); Concept And Interior (2 on parcel, 3 in ½ mi · Commercial tenant improvement); Rex Moore Group (1 on parcel, 3 in ½ mi · Commercial tenant improvement); 3d Technology Services (1 on parcel, 2 in ½ mi · Commercial tenant improvement); Arrow Drillers (1 on parcel, 2 in ½ mi · EV charger).
Permit & Project History on This Parcel (15 permits, 0 grouped projects)
| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| COM-2616029 | Commercial tenant improvement | Plan Check Wait | App. Jul 27, 2026 | $1,734,097 | CITY PROJECT- CDD BUILDING INSPECTED. Scope of work is swapping out low-voltage cables, updating cameras while reusing a… |
| COM-2520457 | EV charger | Issued | Iss. Dec 29, 2025 | $940,000 | EPC - Replace and upgrade of EV fast charging equipment. Four (4) new EV chargers plus equipment upgrade. |
| COM-2502043 | Electrical / panel | Expired Permit | Iss. Feb 15, 2025 | $75,617 | CITY PROJECT- FACILTIES INSPECTED. This scope of work outlines the removal and replacement of existing surface-mounted f… |
| COM-2301075 | Plan revision / deferred submittal | Complete | App. Jan 19, 2023 | — | EPC - Revision to COM-2222963: coffee kiosk to be removed from original scope of work. |