2131 16th St Sacramento, CA 95818
Richmond Grove NeighborhoodEstimated payment $17,125/month
Highlights
- 0.45 Acre Lot
- Corner Lot
- No HOA
- William Land Elementary School Rated A-
About This Lot
Shovel-ready development project in Midtown Sacramento. High-quality urban infill site +/-.44 acres with fully approved entitlements for mixed-use multifamily development with two versions: 60 units in 5 story building and 31 units in 3 story building. Prominently situated on the NE corner of 16th & V Streets, providing high visibility identity signage for retail/commercial. A stone's throw from Ice Blocks, the site is a natural extension of the vibrant R Street Corridor - most sought-after submarket of Sacramento. 16th St. is the spine of the urban core connecting to premier retail, dining, nightlife in Midtown, & major employment centers in Downtown. Residents enjoy short bike ride to Golden1 Center, DOCO, Land Park, Midtown Farmers Market, Target, Safeway, and Sacramento's best amenities and entertainment. Site Plan & Design Review are fully approved to construct 57,950 sq ft 60-unit mixed-use building incl. 3 live-work units, 21 parking stalls, 50376 sq ft commercial/retail space. Mix of studios, 1-bed & 2-bed. Since entitlements approved, owner got approvals for 31-unit project to get higher parking ratio, higher rents, & value-engineering construction type. The result provides a buyer with flexibility, cost savings, and certainty to pull permits and break ground quickly!
Property Details
Property Type
- Land
Est. Annual Taxes
- $22,082
Lot Details
- 0.45 Acre Lot
- Corner Lot
- Building or Site Plan Approved
- Possible uses of the property include Residential, Commercial, See Remarks
- Property is zoned C-2-SPD, Residential,Retail,Mixed,Multi-Residential
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 009-0154-023
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,082 | $1,910,174 | $1,910,174 | -- |
| 2024 | $22,082 | $1,872,720 | $1,872,720 | -- |
| 2023 | $21,567 | $1,836,000 | $1,836,000 | $0 |
| 2022 | $21,213 | $1,800,000 | $1,800,000 | $0 |
| 2021 | $7,151 | $595,883 | $595,883 | $0 |
| 2020 | $7,211 | $589,773 | $589,773 | $0 |
| 2019 | $7,064 | $578,209 | $578,209 | $0 |
| 2018 | $6,888 | $566,872 | $566,872 | $0 |
| 2017 | $6,799 | $555,757 | $555,757 | $0 |
| 2016 | $6,707 | $544,860 | $544,860 | $0 |
| 2015 | $6,614 | $536,676 | $536,676 | $0 |
| 2014 | $6,443 | $526,164 | $526,164 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | For Sale | $2,900,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,800,000 | Placer Title Company | |
| Grant Deed | $1,800,000 | Placer Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: MetroList
MLS Number: 225114761
APN: 009-0154-023
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