1322 V St
Sacramento 95818 · Richmond Grove · City of Sacramento · Coordinates: 38.56542, -121.49416
Executive Verdict · Public-Records Synthesis
Zoned C-2-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $855,000 ($752,000–$958,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$58,320 contributory est.)
Public building records show issued construction/renovation work on this parcel (5 total permits, latest Sep 10, 2026).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (parcel APN)
- ✓ Above-average reinvestment in Richmond Grove
27 substantial renovation & housing permits over 24 months (45.3 per 1,000 parcels vs. 30.4 citywide baseline) (#74 of 102 neighborhoods).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (Richmond Grove)
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 (0.22 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 (~$10,197/yr at $855,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$850/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:
- 25,974 sq ft (0.60 ac)
- Assessor use:
- Retail / Commercial · Restaurant · Cocktail Lounge / Bar
- Tax rate area:
- 03005
- Addresses on lot:
- 1318 V ST; 1322 V ST; 2210 14TH ST
Zoning & Land Use
C-2-SPD — General Commercial Zone (C)
2040 General Plan: Neighborhood (FAR up to 2)
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: $752,000 – $958,000 · Status: Off market
HUD Small Area FMR (ZIP 95818) · FY 2026
Studio $1,950 · 1BR $2,050 · 2BR $2,520 · 3BR $3,350 · 4BR $3,870
Developments Deserving Closer Investigation & Active Area Builders
- Sakura Apartments - Affordable Housing Mixed Use (Issued)0.22 mi NE
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.
- 2401 13th St. Apartment Complex (Fee estimate)0.16 mi SW
In "Fee estimate" for 21 mo (since Feb 11, 2025), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (15 housing units, $2,450,000 declared valuation across 1 permit).
- 2131 16th Street Modular Mixed-Use Building (Entitled)0.2 mi E
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 N
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).
Entity-resolved builders & contractors in ½ mile: Odin One Construction (2 on parcel, 5 in ½ mi · Addition (adds square footage)); Sentinel Fire Equipment (1 on parcel, 4 in ½ mi · Commercial tenant improvement); Commercial Dynamics (2 on parcel, 2 in ½ mi · Commercial tenant improvement); Indie Capital Constructors (29 in ½ mi · New duplex / half-plex); Icon General Contractors (23 in ½ mi · Commercial tenant improvement).
Permit & Project History on This Parcel (5 permits, 0 grouped projects)
| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| COM-2620031 | Commercial tenant improvement | Ready-to-Issue | App. Sep 10, 2026 | $1,000 | WORK CONSIST OF AN OCCUPANT LOAD INCREASE INSIDE THE EXISTING FACILITY. CONVERTING PART OF THE BARREL ROOM "STORAGE AREA… |
| COM-2617147 | Remodel / interior alteration | Void | App. Aug 7, 2026 | $2,000 | WORK CONSIST OF AN OCCUPANT LOAD INCREASE INSIDE THE EXISTING FACILITY. CONVERTING PART OF THE BARREL ROOM "STORAGE AREA… |
| COM-2418385 | Addition (adds square footage) | Finaled | Iss. Mar 5, 2025 | $81,000 | EPC - SITE SECURITY FENCING, AND INSTALLATION OF A GRAIN SILO ON EXISTING PAVED AREA ADJACENT TO VICTORIAN ALLEY. ALL … |
| COM-2012948 | Fire alarm / sprinkler | Finaled | Iss. Aug 4, 2020 | $1,995 | EPC - Reconfigure existing Ansul Hood/Duct Fire System for new equipment add and lineup changes. |