1015 L St
Sacramento 95814 · Downtown · City of Sacramento · Coordinates: 38.57831, -121.49384
Executive Verdict · Public-Records Synthesis
Zoned C-3-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $628,000 ($553,000–$703,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$34,914 contributory est.)
Public building records show issued construction/renovation work on this parcel (8 total permits, latest Dec 20, 2018).
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: Canopy Hotel (0.13 mi W, in review). 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 (~$7,609/yr at $628,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$634/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:
- 30,492 sq ft (0.70 ac)
- Assessor use:
- Retail / Commercial · Vehicle Oriented · Parking Structure
- Tax rate area:
- 03187
- Addresses on lot:
- 1003 L ST; 1005 L ST; 1007 L ST
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: $553,000 – $703,000 · 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
- Canopy Hotel (In review)0.13 mi W
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)0.15 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)0.23 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).
- 1121 I Street Eight Story Mixed Use (In review)0.25 mi NE
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: T Marshall Associates (3 on parcel, 7 in ½ mi · Remodel / interior alteration); Cirks Construction (3 on parcel, 5 in ½ mi · Commercial tenant improvement); B Line Construction (1 on parcel, 1 in ½ mi · Commercial tenant improvement); Superior Electrical Advertising (1 on parcel, 1 in ½ mi · Sign); Icon General Contractors (257 in ½ mi · Commercial tenant improvement).
Permit & Project History on This Parcel (8 permits, 0 grouped projects)
| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| COM-1824101 | Remodel / interior alteration | Finaled | Iss. Dec 20, 2018 | $23,648 | EXPEDITED - Intercepting existing power to parking controls to install (UPS) Uninterrupted power supply cabinets in line… |
| SIG-1819960 | Sign | Expired Permit | Iss. Nov 15, 2018 | $17,239 | CITY PROJECT - Install Parking Occupancy Sign Permit for "City" Capitol Garage and extend existing 120V circuit to provi… |
| SIG-1807647 | Sign | Finaled | Iss. May 7, 2018 | $7,100 | Install (2) sets attached /illuminated wall mounted channel letter signs & (2) Interior attached / illuminated Logo Sign… |
| COM-1806118 | Plan revision / deferred submittal | Complete | App. Apr 4, 2018 | — | EPC - Revision to COM-1721872 for electrical panel |
| COM-1804472 |