915 L St
Sacramento 95814 · Downtown · City of Sacramento · Coordinates: 38.57855, -121.49507
Executive Verdict · Public-Records Synthesis
Zoned C-3-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $617,000 ($543,000–$691,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$36,472 contributory est.)
Public building records show issued construction/renovation work on this parcel (33 total permits, latest Apr 17, 2026).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (parcel APN)
- ✓ Above-average reinvestment in Downtown
162 substantial renovation & housing permits over 24 months (114.0 per 1,000 parcels vs. 30.4 citywide baseline) (#33 of 102 neighborhoods).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (Downtown)
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: 218 new homes at 930 K St (220 ft NE, fee estimate). 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 (~$7,484/yr at $617,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$624/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:
- 18,700 sq ft (0.43 ac)
- Assessor use:
- Office · Office (General) · Multiple Stories
- Tax rate area:
- 03187
- Addresses on lot:
- 915 L ST; 915 L ST STE 1000 STE 1000; 915 L ST STE 100 STE 100
Zoning & Land Use
C-3-SPD — Central Business District Zone (C)
2040 General Plan: Residential Mixed Use (FAR up to 15)
State Housing Pathways Screen (ADU & SB 9)
- ADU or junior ADUUnlikely
Zoned C-3 (commercial): the zone doesn't allow homes, so state ADU rules don't apply.
- SB 9: two homes on the lotUnlikely
Zoned C-3 (commercial), not a single-family residential zone.
- SB 9: split into two lotsUnlikely
Zoned C-3 (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: $543,000 – $691,000 · 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
- 218 new homes at 930 K St (Fee estimate)220 ft NE
In "Fee estimate" for 7.8 yr (since Jan 18, 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 (218 housing units, $49,590,693 declared valuation across 1 permit).
- Canopy Hotel (In review)310 ft NW
In "In review" for 8.1 yr (since Oct 2, 2018), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (55 housing units, $90,000,000 declared valuation across 3 permits).
- 918 J Façade Remodel (Entitled)0.14 mi N
In "Entitled" for 5.5 yr (since May 26, 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 (10 housing units across 0 permits).
- 1121 I Street Mixed-Use (Entitled)0.27 mi NE
In "Entitled" for 3.7 yr (since Mar 2, 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 (204 housing units across 0 permits).
Entity-resolved builders & contractors in ½ mile: Icon General Contractors (21 on parcel, 271 in ½ mi · Commercial tenant improvement); Marketone Builders (3 on parcel, 52 in ½ mi · Commercial tenant improvement); Pacific Ridge Builders (1 on parcel, 41 in ½ mi · Commercial tenant improvement); Ti Builders (4 on parcel, 8 in ½ mi · Commercial tenant improvement); Api Group Life Safety USA (1 on parcel, 1 in ½ mi · Fire alarm / sprinkler).
Permit & Project History on This Parcel (33 permits, 0 grouped projects)
Showing 15 most recent permits| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| FPP-2603712 | Commercial tenant improvement | Finaled | Iss. Apr 17, 2026 | $260,960 | EPC - EXPEDITED - REMODEL STES 1110, 1160, 1480: TENANT IMPROVEMENT OF EXISTING SPACES INCLUDING MISCELLANEAOUS FINISH A… |
| COM-2407472 | Plan revision / deferred submittal | Complete | App. Apr 8, 2024 | — | EPC - REVISION TO COM-2403404 - REVISION TO MAKE ONE ROOM (1078) INTO TWO ROOMS (1078 AND 1079) INCLUDING NEW WALL AND D… |
| COM-2403404 | Commercial tenant improvement | Finaled | Iss. Mar 18, 2024 | $500,000 | EPC - EXPEDITED - TENANT REMODEL TO INCLUDE NEW PARTITIONS, DOORS, CEILINGS AND FINISHES; AND MECHANICAL, ELECTRICAL AND… |
| COM-2315446 | Commercial tenant improvement | Finaled | Iss. Sep 13, 2023 | $55,000 | EPC - Tenant improvement on the 14th floor to demo partitions, provide new partitions, door, frame, hardware, replace ex… |