7000 Franklin Blvd Ste 880
Sacramento 95823 · Parkway · City of Sacramento · Coordinates: 38.49940, -121.46405
Executive Verdict · Public-Records Synthesis
Zoned M-1S in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $424,000 ($373,000–$475,000).
Upsides & Opportunities
- ✓ 2 documented municipal building permits on file
On-parcel permit history is indexed through Sep 26, 2022, letting you verify roof, HVAC, electrical, or structural work against seller disclosures.
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (parcel APN)
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)
- ! 2 slow or stalled nearby projects within ½ mile
Closest lead: Luther Gardens Apartments for Seniors (370 ft W, entitled). 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 (~$5,284/yr at $424,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$440/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:
- 14,460 sq ft (0.33 ac)
- Assessor use:
- Office · Office (General) · One Story
- Tax rate area:
- 03175
- Addresses on lot:
- 7000 FRANKLIN BLVD STE 820 STE 820; 7000 FRANKLIN BLVD STE 840 STE 840; 7000 FRANKLIN BLVD STE 850 STE 850
Zoning & Land Use
M-1S — Light Industrial Zone (I)
2040 General Plan: Residential Mixed Use (FAR up to 4)
State Housing Pathways Screen (ADU & SB 9)
- ADU or junior ADUUnlikely
Zoned M-1 (industrial): the zone doesn't allow homes, so state ADU rules don't apply.
- SB 9: two homes on the lotUnlikely
Zoned M-1 (industrial), not a single-family residential zone.
- SB 9: split into two lotsUnlikely
Zoned M-1 (industrial), 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 06067C0302H, effective August 16, 2012
- CGS Alquist-Priolo Earthquake Fault Zone
- Not in an Alquist-Priolo Earthquake Fault Zone
Surrounding Rent & Value Benchmarks (Public Records)
Range: $373,000 – $475,000 · Status: Off market
HUD Small Area FMR (ZIP 95823) · FY 2026
Studio $1,530 · 1BR $1,610 · 2BR $1,980 · 3BR $2,640 · 4BR $3,040
Developments Deserving Closer Investigation & Active Area Builders
- Luther Gardens Apartments for Seniors (Entitled)370 ft W
In "Entitled" for 7 yr (since Nov 5, 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 (16 housing units across 0 permits).
- Luther Gardens Senior Apartments (Entitled)0.46 mi S
In "Entitled" for 4.7 yr (since Feb 15, 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 (24 housing units across 0 permits).
- Bldg 3 - New Building & Site Work (Finaled / completed)0.28 mi S
High-impact scale ($2,368,672 declared valuation across 29 permits).
- Florin Shell (Finaled / completed)0.35 mi SE
High-impact scale ($1,080,000 declared valuation across 17 permits).
Entity-resolved builders & contractors in ½ mile: M Ferrer Construction (1 on parcel, 2 in ½ mi · Commercial tenant improvement); Gp Development (12 in ½ mi · Commercial tenant improvement); Global Solutions (6 in ½ mi · New commercial / non-residential building); Danami Construction (4 in ½ mi · Commercial tenant improvement); Osb Builders (4 in ½ mi · Commercial tenant improvement).
Permit & Project History on This Parcel (2 permits, 0 grouped projects)
| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| COM-2211574 | Commercial tenant improvement | Expired Permit | Iss. Sep 26, 2022 | $150,000 | EPC - PHASE 2, CONSTRUCTION OF OFFICE SPACE AND CUSTOMER PICK UP AREA 1. DEMOLITION OF EXISTING INTERIOR PARTITION 2. N… |
| COM-2217548 | Plan revision / deferred submittal | Complete | App. Aug 18, 2022 | — | EPC - revision to COM-2124666 field correction notice: ADA ramp needs to be updated per plans |