1020 21st Street (2031 K Street), 2025 K Street, and 2015 K Street
Multifamily | 296 Units
Marketing description
Turton Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in 21K, a ± 32,000 SF parcel located at the northwest corner of 21st and K Streets in the heart of Midtown, Sacramento.
As the largest fully entitled development site currently on the market, 21K stands out as a generational opportunity in one of Sacramento's most supply-constrained and highly sought after neighborhoods. The Property spans more than a quarter block across three parcels and is fully entitled for 296 residential units totaling 250,595 SF – yielding a rare 7.83:1 FAR under its flexible C-2-SPD zoning. This designation allows for dense residential, commercial, retail, and office uses, giving future developers a wide range of options.
The Property currently generates approximately $16,000 per month ($192,000 annually) in parking income, offering interim cash flow while development plans are advanced.
Investment highlights
- Opportunity Zone
- Largest fully entitled development site currently on the market in Midtown Sacramento
- 296 residential units totaling 250,595 SF
- 7.83:1 FAR under C-2-SPD zoning
- Spans more than a quarter block across three parcels
- Approximately $16,000 per month ($192,000 annually) in parking income
- ±32,000 SF parcel at the northwest corner of 21st and K Streets
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