1515 K St
Sacramento 95814 · Downtown · City of Sacramento · Coordinates: 38.57749, -121.48617
Executive Verdict · Public-Records Synthesis
Zoned C-3-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $561,000 ($494,000–$628,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$25,909 contributory est.)
Public building records show issued construction/renovation work on this parcel (9 total permits, latest Feb 21, 2024).
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: Convention Center Hotel (470 ft W, 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 (~$6,845/yr at $561,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$570/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:
- 6,400 sq ft (0.15 ac)
- Assessor use:
- Office · Office (General) · Multiple Stories
- Tax rate area:
- 03187
- Addresses on lot:
- 1515 K ST; 1521 K 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: $494,000 – $628,000 · 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
- Convention Center Hotel (Fee estimate)470 ft W
In "Fee estimate" for 3.3 yr (since Jul 13, 2023), exceeding the 241d median and 498d 90th percentile for new commercial / non-residential building permits in City of Sacramento (n=150). High-impact scale (28 housing units, $175,000,000 declared valuation across 1 permit).
- Juno Mixed-Use (In review)0.12 mi NE
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).
- The Grace (Entitled)0.32 mi N
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).
- 1121 I Street Mixed-Use (Entitled)0.35 mi NW
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: Airco Mechanical (1 on parcel, 5 in ½ mi · Remodel / interior alteration); Gp Development (1 on parcel, 4 in ½ mi · Commercial tenant improvement); Dj Saccone Construction (2 on parcel, 2 in ½ mi · Commercial tenant improvement); Industrial Electronics (2 on parcel, 2 in ½ mi · Fire alarm / sprinkler); Ref And Sons (1 on parcel, 1 in ½ mi · Commercial tenant improvement).
Permit & Project History on This Parcel (9 permits, 0 grouped projects)
| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| COM-2319371 | Commercial tenant improvement | Finaled | Iss. Feb 21, 2024 | $907,489 | EPC - Interior remodel; Paint, Carpet, Alteration of existing in three main areas on the 5th floor. (Suites - 520, 540… |
| COM-2315894 | Fire alarm / sprinkler | Expired Application | App. Jul 28, 2023 | $6,585 | EPC - provide additional notification devices to existing sprinkler monitoring system |
| COM-2008244 | Fire alarm / sprinkler | Expired Application | App. May 18, 2020 | $2,900 | EPC - Installation and programming of fire alarm relay to existing fire alarm panel ONLY |
| COM-1921194 | Fire alarm / sprinkler | Finaled | Iss. Oct 31, 2019 | $6,800 | Adding (3) notification devices on existing Circuits-Corrective Action in Response to Annual Fire Inspection |
| COM-1903454 |