621 Capitol Mall
Sacramento 95814 · Downtown · City of Sacramento · Coordinates: 38.57877, -121.49909
Executive Verdict · Public-Records Synthesis
Zoned C-3-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $885,000 ($779,000–$991,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$292,611 contributory est.)
Public building records show issued construction/renovation work on this parcel (89 total permits, latest Oct 20, 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: Central Sacramento Studios II (0.47 mi NE, issued). 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 (~$10,539/yr at $885,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$878/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:
- 62,291 sq ft (1.43 ac)
- Assessor use:
- Office · Office (General) · Multiple Stories
- Tax rate area:
- 03245
- Addresses on lot:
- 621 CAPITOL MALL; 621 CAPITOL MALL STE 1000 STE 1000; 621 CAPITOL MALL 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: $779,000 – $991,000 · 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
- Central Sacramento Studios II (Issued)0.47 mi NE
Active in "Issued" for 2.4 yr (first record Jun 26, 2024) with no new permit activity recorded in 13 mo. High-impact scale (52 housing units, 51 deed-restricted affordable, $9,500,000 declared valuation across 18 permits). current_status changed to "Verify" in snapshot Nov 1, 2026.
- Sacramento Commons - Capitol Towers Estimate (Fee estimate)0.14 mi SW
In "Fee estimate" for 10.7 yr (since Mar 3, 2016), 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, $39,082,146 declared valuation across 1 permit).
- 800 K Mixed Use (Fee estimate)0.15 mi NE
In "Fee estimate" for 9.7 yr (since Feb 16, 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 (92 housing units, $20,222,208 declared valuation across 1 permit).
- Canopy Hotel (In review)0.16 mi E
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).
Entity-resolved builders & contractors in ½ mile: Icon General Contractors (14 on parcel, 238 in ½ mi · Commercial tenant improvement); Marketone Builders (4 on parcel, 62 in ½ mi · Commercial tenant improvement); Jones And Lamberti Builders (31 on parcel, 60 in ½ mi · Commercial tenant improvement); Deacon (3 on parcel, 6 in ½ mi · Commercial tenant improvement); Asi Anthony And Sons General Contractors (1 on parcel, 6 in ½ mi · Commercial tenant improvement).
Permit & Project History on This Parcel (89 permits, 0 grouped projects)
Showing 15 most recent permits| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| FPP-2621685 | Commercial tenant improvement | Issued | Iss. Oct 20, 2026 | $43,346 | EXPEDITED - REMODEL OF OFFICE SPACE TO INCLUDE DEMOLITION, AND NEW CONSTRUCTION WITH WALLS, DOOR, FINISHES, LIGHTING AND… |
| FPP-2618706 | Commercial tenant improvement | Issued | Iss. Sep 11, 2026 | $194,988 | EXPEDITED - TENANT IMPROVEMENT TO INLCUDE MISCELLANEOUS DEMOLITION, PROVIDE NEW PARTITIONS, DOORS, FRAMES, GLAZING AND N… |
| FPP-2616711 | Commercial tenant improvement | Issued | Iss. Sep 9, 2026 | $156,503 | EPC - EXPEDITED - TENANT IMPROVEMENT TO INLCUDE MISCELLANEOUS DEMOLITION, PROVIDE NEW PARTITIONS, DOORS, FRAMES, GLAZING… |
| COM-2612312 | Plan revision / deferred submittal | Complete | App. Jun 12, 2026 | — | EPC - Revision to COM-2512075 for changes that include flipping entry doors to swing in opposite direction, and new fram… |