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The Kress Royal 818 K St

48 Unit Block of Flats For Sale Sacramento, CA 95814

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Investment Highlights

48 luxury loft
1 block from Golden 1 and DOCO

Ground level commercial space

Executive Summary

Undisclosed pricing. Please submit price and terms.
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.

Offering Memorandum

Property Facts

Sale Type	Investment	Building Class	B
Sale Conditions	1031 Exchange Design & Build	Building Size	48,000 SF
No. Units	48	Number of Floors	6
Property Type	Residential	Year Built	2024
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Mid Rise

Sale Type	Investment
Sale Conditions	1031 Exchange Design & Build
No. Units	48
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	B
Building Size	48,000 SF
Number of Floors	6
Year Built	2024
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.