7328 Franklin Blvd # 1
Sacramento 95823 · Parkway · City of Sacramento · Coordinates: 38.49035, -121.45660
Executive Verdict · Public-Records Synthesis
Zoned R-3 in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $309,000 ($272,000–$346,000).
Upsides & Opportunities
- ✓ Area valuation benchmark anchored at $309,000
Estimated range $272,000–$346,000 derived from zip zhvi + neighborhood acs + permit model.
Source: 70% ZIP 95823 Zillow ZHVI ($421,389, September 2026) + 30% Parkway ACS median ($338,381) (Data provided by Zillow)
Watchouts & Due Diligence
- ! Mapped flood awareness zone (Zone X: 0.2% annual chance flood hazard (shaded X))
all of the lot of the parcel intersects Zone X: 0.2% annual chance flood hazard (shaded X). 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 Senior Apartments (0.45 mi 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 (~$3,973/yr at $309,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$331/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:
- —
- Assessor use:
- Residential · Single Family · Condominium
- Tax rate area:
- 03175
- Addresses on lot:
- 7328 FRANKLIN BLVD # 1 # 1
Zoning & Land Use
R-3 — Multi-Unit Dwelling Zone (R)
2040 General Plan: Neighborhood (FAR up to 1)
State Housing Pathways Screen (ADU & SB 9)
- ADU or junior ADUCan't tell
This is a condominium unit: an ADU here would be a building-wide project that needs the association.
- SB 9: two homes on the lotUnlikely
This is a condominium unit: SB 9 applies to a whole lot.
- SB 9: split into two lotsUnlikely
This is a condominium unit: SB 9 applies to a whole lot.
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: 0.2% annual chance flood hazard (shaded X) (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: $272,000 – $346,000 · 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 Senior Apartments (Entitled)0.45 mi W
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).
- 7385 Mandy Dr ADU (Entitled)0.16 mi W
In "Entitled" for 4.9 yr (since Dec 8, 2021), exceeding the 45d median and 184d 90th percentile for new single-family home permits in City of Sacramento (n=3,657).
- Demolition at 7282 Franklin Blvd (Applied)0.22 mi NW
project_name changed to "23-018957 7282 Franklin Blvd. com wrecking permit" in snapshot Nov 1, 2026.
- Florin Shell (Finaled / completed)0.4 mi NW
High-impact scale ($1,080,000 declared valuation across 17 permits).
Entity-resolved builders & contractors in ½ mile: The Gb Group (10 in ½ mi · Addition (adds square footage)); Kft Construction (3 in ½ mi · Remodel / interior alteration); Wendt And Sons Construction (2 in ½ mi · Demolition); All Around Renovations (2 in ½ mi · Commercial tenant improvement); Quality First Home Improvement (2 in ½ mi · Addition (adds square footage)).
Permit & Project History on This Parcel (0 permits, 0 grouped projects)
No building permits recorded on this parcel in our dataset.