1501 R St
Sacramento 95811 · Downtown · City of Sacramento · Coordinates: 38.56982, -121.48987
Executive Verdict · Public-Records Synthesis
Zoned C-2-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $643,000 ($566,000–$720,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$19,470 contributory est.)
Public building records show issued construction/renovation work on this parcel (7 total permits, latest Jul 18, 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 (0.21 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 (~$7,780/yr at $643,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$648/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:
- 19,200 sq ft (0.44 ac)
- Assessor use:
- Retail / Commercial · Vehicle Oriented · Parking Structure
- Tax rate area:
- 03110
- Addresses on lot:
- 1501 R ST; 1515 R ST; 1723 15TH 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: $566,000 – $720,000 · 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)0.21 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)0.32 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)0.4 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)0.49 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 (1 on parcel, 6 in ½ mi · Remodel / interior alteration); Pacific Neon (2 on parcel, 2 in ½ mi · Sign); Pacific Power Electrical Service (1 on parcel, 1 in ½ mi · EV charger); Siemens Industry (1 on parcel, 1 in ½ mi · Fire alarm / sprinkler); Triton Tower (1 on parcel, 1 in ½ mi · Remodel / interior alteration).
Permit & Project History on This Parcel (7 permits, 0 grouped projects)
| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| COM-2512282 | EV charger | Expired Permit | Iss. Jul 18, 2025 | $47,000 | EPC - Remove 1 existing EV charger. furnish and install 10 new wall mount EV chargers. Furnish and install 10 new 2P 20A… |
| COM-2406603 | Fire alarm / sprinkler | Finaled | Iss. Apr 10, 2024 | $29,695 | EPC - Adding Fire Alarm Sprinkler Monitoring to unprotected parking garage. 200 sq. ft. project area |
| COM-2305954 | Plan revision / deferred submittal | Complete | App. Mar 27, 2023 | $35,000 | EPC - Revised E sheets showing conduit path and one lines. |
| COM-2200943 | Remodel / interior alteration | Finaled | Iss. Oct 3, 2022 | $35,000 | EPC - ANTENNA SCOPE OF WORK: INSTALL (3) PROPOSED PANEL ANTENNAS (I PER SECTOR) INSTALL NEN FRP SCREEN AT ANTENNAS INS… |
| COM-2111376 |