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240 2nd St
Davis, CA 95616
Multifamily Property For Sale
·
8 Units
Investment Highlights
- University Rice neighborhood location, positioned between Downtown Davis (1 block) and UC Davis (2 blocks)
- Fully leased with strong occupancy history
- Rental upside to $2,350 per unit; two units currently below market
- Walkable to Downtown, UC Davis, restaurants, shopping, and Amtrak
- Eight 2 bedroom, 1 bath units (16 bedrooms total)
- Value-add opportunity through RUBS (water, sewer, garbage), laundry, and parking
Property Facts
| No. Units | 8 | Lot Size | 0.23 AC |
| Property Type | Multifamily | Building Size | 6,592 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1964 |
| Zoning | PD2-86E - Planned Development (PD2-86E). Existing 8-unit multifamily property. Buyer to verify permitted uses with City of Davis. | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,592 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | PD2-86E - Planned Development (PD2-86E). Existing 8-unit multifamily property. Buyer to verify permitted uses with City of Davis. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Granite Countertops
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Breakfast Nook
- Double Pane Windows
- Family Room
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $2,250 | 800 |
Property Taxes
| Parcel Number | 070-066-004-000 | Improvements Assessment | $1,359,617 |
| Land Assessment | $444,130 | Total Assessment | $1,803,747 |
Property Taxes
Parcel Number
070-066-004-000
Land Assessment
$444,130
Improvements Assessment
$1,359,617
Total Assessment
$1,803,747
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