601 15th St
Sacramento 95814 · Mansion Flats · City of Sacramento · Coordinates: 38.58257, -121.48449
Executive Verdict · Public-Records Synthesis
Zoned C-2-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $694,000 ($611,000–$777,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$125,566 contributory est.)
Public building records show issued construction/renovation work on this parcel (5 total permits, latest Mar 2, 2023).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (parcel APN)
- ✓ Above-average reinvestment in Mansion Flats
39 substantial renovation & housing permits over 24 months (73.2 per 1,000 parcels vs. 30.4 citywide baseline) (#15 of 102 neighborhoods).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (Mansion Flats)
Watchouts & Due Diligence
- ! Mapped flood awareness zone (Zone X: reduced flood risk due to levee)
all of the lot of the parcel intersects Zone X: reduced flood risk due to levee. 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: The Grace (240 ft SW, 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 (~$8,362/yr at $694,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$697/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:
- 6,240 sq ft (0.14 ac)
- Assessor use:
- Retail / Commercial · Restaurant · Dining
- Tax rate area:
- 03005
- Addresses on lot:
- 1500 F ST UNIT 201 UNIT 201; 1500 F ST UNIT 202 UNIT 202; 1500 F ST UNIT 203 UNIT 203
Zoning & Land Use
C-2-SPD — General Commercial Zone (C)
2040 General Plan: Residential Mixed Use (FAR up to 6)
State Housing Pathways Screen (ADU & SB 9)
- ADU or junior ADUUnlikely
Zoned C-2 (commercial): the zone doesn't allow homes, so state ADU rules don't apply.
- SB 9: two homes on the lotUnlikely
Zoned C-2 (commercial), not a single-family residential zone.
- SB 9: split into two lotsUnlikely
Zoned C-2 (commercial), 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: reduced flood risk due to levee (all of the lot) · FIRM panel 06067C0180J, 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: $611,000 – $777,000 · 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
- The Grace (Entitled)240 ft SW
In "Entitled" for 3.4 yr (since Jun 27, 2023), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (26 housing units across 0 permits).
- Juno Mixed-Use (In review)0.3 mi S
In "In review" for 9.6 yr (since Apr 18, 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 (198 housing units, $55,118,716 declared valuation across 11 permits).
- C Street Residential Complex (Entitled)0.32 mi N
In "Entitled" for 2.8 yr (since Jan 29, 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 (22 housing units across 0 permits).
- 1121 I Street Eight Story Mixed Use (In review)0.36 mi W
In "In review" for 2.8 yr (since Jan 19, 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 (206 housing units, $61,800,000 declared valuation across 1 permit).
Entity-resolved builders & contractors in ½ mile: Danami Construction (3 on parcel, 3 in ½ mi · Remodel / interior alteration); Black Pine Builders (121 in ½ mi · New single-family home); Icon General Contractors (48 in ½ mi · Commercial tenant improvement); Bt Builders (38 in ½ mi · Commercial tenant improvement); Syncon Homes Of California (33 in ½ mi · New single-family home).
Permit & Project History on This Parcel (5 permits, 0 grouped projects)
| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| COM-2303119 | Remodel / interior alteration | Finaled | Iss. Mar 2, 2023 | $11,500 | EPC - upgrade electrical service from 200 to 400 amp |
| COM-2125295 | Plan revision / deferred submittal | Complete | App. Nov 30, 2021 | — | EPC - REVISION to COM-2021619:The initial sprinkler contractor is not going to be doing the work. (CHANGE IN FIRE SPRINK… |
| COM-2021619 | Remodel / interior alteration | Finaled | Iss. Oct 14, 2021 | $285,000 | EPC - SECOND FLOOR REMODEL (UNITS # 1-2-3-4): REMODEL OF 4 APARTMENTS INCLUDING NEW ELECTRICAL, PLUMBING, MECHANICAL, N… |
| COM-2021617 | Remodel / interior alteration | Void | App. Nov 20, 2020 | $250,000 | EPC - SECOND FLOOR REMODEL (UNITS # 1-2-3-4): REMODEL OF 4 APARTMENTS INCLUDING NEW ELECTRICAL, PLUMBING, MECHANICAL, N… |