818 K St - Apartments FOR SALE


Sacramento, CA 95814- Capitol Park
$11,700,000 USD
415-312-7706
818 K St, Sacramento, CA for Sale
$11,700,000 USD
Apartments - FOR SALE
1/22
null | 6.65% Cap Rate

818 K St
Sacramento, CA 95814
Capitol Park


HIGHLIGHTS

  • 48 luxury loft
  • Ground level commercial space
  • 1 block from Golden 1 and DOCO

OVERVIEW

Built in 1931, the Kress is an iconic six-story structure with striking granite exterior. The Kress features 48 luxury lofts, completed May 2024. It is one of the most prominent structures in the newly revitalized K Street. One block from the Golden 1 Arena and DOCO, surrounded by stunning growth and development, it is at the center of over $2 Billion urban revitalization. Located in an Opportunity Zone.

FOR SALE DETAILS

PRICE

$11,700,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

48

PRICE/UNIT

$243,750

CAP RATE

6.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Kress Royal

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

C-3, SPD

APN/PARCEL ID

006-0098-025

ASK ABOUT THIS PROPERTY

Mike WahbaGlobal I. N. Inc.More Info
415-312-7706

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Mike WahbaGlobal I. N. Inc.More Info
415-312-7706

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.