1501 R St
Sacramento 95811 · Downtown · City of Sacramento · Coordinates: 38.56966, -121.48934
Executive Verdict · Public-Records Synthesis
Zoned C-2-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $619,000 ($545,000–$693,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$46,090 contributory est.)
Public building records show issued construction/renovation work on this parcel (6 total permits, latest Jan 21, 2025).
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: Sakura Apartments - Affordable Housing Mixed Use (0.2 mi S, 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 (~$7,507/yr at $619,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$626/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:
- Retail / Commercial · Vehicle Oriented · Parking Structure
- Tax rate area:
- 03110
- Addresses on lot:
- 1501 R ST
Zoning & Land Use
C-2-SPD — General Commercial Zone (C)
2040 General Plan: Residential Mixed Use (FAR up to 8)
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: $545,000 – $693,000 · Status: Off market
HUD Small Area FMR (ZIP 95811) · FY 2026
Studio $1,840 · 1BR $1,930 · 2BR $2,380 · 3BR $3,170 · 4BR $3,650
Developments Deserving Closer Investigation & Active Area Builders
- Sakura Apartments - Affordable Housing Mixed Use (Issued)0.2 mi S
Active in "Issued" for 2.8 yr (first record Jan 29, 2024) with no new permit activity recorded in 15 mo. High-impact scale (134 housing units, 133 deed-restricted affordable, $16,753,756 declared valuation across 25 permits). current_status changed to "Process Wait" in snapshot Nov 1, 2026.
- 2131 16th Street Modular Mixed-Use Building (Entitled)0.31 mi S
In "Entitled" for 4.5 yr (since May 26, 2022), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (41 housing units, $1,776,031 declared valuation across 4 permits).
- 10th & R Mixed Use (Entitled)0.43 mi W
In "Entitled" for 2.7 yr (since Feb 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 (27 housing units, $7,500,000 declared valuation across 1 permit).
- 21Q Apartments (Fee estimate)0.46 mi E
In "Fee estimate" for 4.2 yr (since Aug 24, 2022), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (248 housing units, $65,000,000 declared valuation across 2 permits).
Entity-resolved builders & contractors in ½ mile: Apex Site Solutions (2 on parcel, 6 in ½ mi · Remodel / interior alteration); Pacific Neon (2 on parcel, 2 in ½ mi · Plan revision / deferred submittal); Yupana (1 on parcel, 1 in ½ mi · Remodel / interior alteration); Grupe Homes (44 in ½ mi · New single-family home); Icon General Contractors (34 in ½ mi · Commercial tenant improvement).
Permit & Project History on This Parcel (6 permits, 0 grouped projects)
| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| COM-2501313 | Plan revision / deferred submittal | Complete | App. Jan 21, 2025 | $10,600 | EPC - SIGN REVISION FOR SIG-2425105 The scope of the revision is to update the engineering for the proposed projectin… |
| SIG-2425105 | Sign | Expired Permit | Iss. Dec 23, 2024 | $10,600 | install one (1) illuminated projecting sign |
| COM-2309949 | Plan revision / deferred submittal | Complete | App. May 17, 2023 | — | EPC -REVISION TO COM-2200943: Revised E sheet showing conduit path and one-line diagram submeter and breaker schedule. |
| COM-2112459 | Remodel / interior alteration | Finaled | Iss. Jun 22, 2022 | $25,000 | EPC - Remove 3 Sprint antennas on roof. Install 6 new Sprint antennas on roof. Remove 9 RRU's, Install 9 new RRU's. Remo… |
| COM-2112191 |