500 David J Stern Walk
Sacramento 95814 · Downtown · City of Sacramento · Coordinates: 38.58019, -121.49950
Executive Verdict · Public-Records Synthesis
Zoned C-3-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $825,000 ($726,000–$924,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$292,611 contributory est.)
Public building records show issued construction/renovation work on this parcel (31 total permits, latest Aug 10, 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: minimal flood hazard)
about 43% of the lot of the parcel intersects Zone X: minimal flood hazard. 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 (0.46 mi E, 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 (~$9,855/yr at $825,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$821/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:
- 245,678 sq ft (5.64 ac)
- Assessor use:
- Recreational · Sport Court / Field / Stadium
- Tax rate area:
- 03000
- Addresses on lot:
- 500 DAVID J STERN WALK; 549 L ST; 597 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: minimal flood hazard (about 43% of the lot); Zone X: reduced flood risk due to levee (about 57% 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: $726,000 – $924,000 · 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)0.46 mi E
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.
- Canopy Hotel (In review)0.21 mi SE
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).
- 218 new homes at 930 K St (Fee estimate)0.28 mi E
In "Fee estimate" for 7.8 yr (since Jan 18, 2019), 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, $49,590,693 declared valuation across 1 permit).
- 918 J Façade Remodel (Entitled)0.29 mi E
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).
Entity-resolved builders & contractors in ½ mile: Schetter Electric (1 on parcel, 12 in ½ mi · Remodel / interior alteration); Dpr Construction A General Partnership (4 on parcel, 9 in ½ mi · Commercial tenant improvement); Pei Placer Electric (6 on parcel, 8 in ½ mi · Commercial tenant improvement); Architectural Design And Signs (2 on parcel, 2 in ½ mi · Other); Material Handling (1 on parcel, 2 in ½ mi · Commercial tenant improvement).
Permit & Project History on This Parcel (31 permits, 0 grouped projects)
Showing 15 most recent permits| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| COM-2612348 | Other | Issued | Iss. Aug 10, 2026 | $5,000 | EPC - VERIZON WIRELESS PROPOSES TO MODIFY A EXISTING WIRELESS COMMUNICATION SITE ON A LIGHT POLE. SCOPE: · INSTALL (1) N… |
| COM-2409656 | Remodel / interior alteration | Expired Permit | Iss. May 31, 2024 | $88,441 | EPC - Add a counting Parking Assistance System to the Players Practice Garage |
| COM-2319273 | Commercial tenant improvement | Finaled | Iss. Oct 16, 2023 | $300,000 | EPC - EXPEDITED 10-5-5 - Upgrades to main team store to include new case work, new furred wall, new decorative lighting … |
| COM-2213883 | Remodel / interior alteration | Finaled | Iss. Sep 30, 2022 | $190,724 | EPC - Installation of (16) 5G Radios at the Catwalk with supporting Fiber & Distribution Lines |