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2nd Street

Davis, CA 95616
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$2,695,000 $11,362/Mo
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Well-located 8-unit apartment building in the heart of Downtown Davis, just two blocks from UC Davis and within walking distance to restaurants, shopping, the Davis Farmers Market, and the Amtrak train station. Opportunities to acquire apartment properties in this immediate area are extremely limited, with very few sales occurring over the past decade, making this a rare offering in one of the most sought-after rental markets in Northern California. This highly desirable location supports strong and consistent rental demand driven by the university, excellent walkability, and limited housing supply. The property consists of eight 2 bedroom, 1 bath units (16 bedrooms total) and is currently fully leased with a strong occupancy history, providing stable in-place income. Two units are below m arket due to long-term tenancy, offering clear upside potential as rents move toward market levels. Additional income opportunities include potential increases to market rents, monetizing on-site laundry, implementing parking charges, and future tenant reimbursement of water, sewer, and garbage expenses. The property has been significantly updated over time by ownership, including replacement of exterior siding, roof improvements, upgraded electrical subpanels (2024), and extensive interior renovations to kitchens and bathrooms. Additional upgrades include updated flooring and various system improvements, contributing to a well-maintained asset with reduced near-term capital needs. Tenants are individually metered for gas and electricity, with water, sewer, and garbage paid by ownership, supporting an efficient operating profile. Ideal investment for both UC Davis parents and traditional investors seeking a well-positioned asset with stable income, strong demand, and long-term upside in a tightly held and supply constrained market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,695,000

AD Id : 77675473

MLS Id : 226048142

Living Area Size : 6,592

Year Built : 1964

County : Yolo

  • Map Map

Map

Feature Features

  • Bedroom Information

    Window Feature: Dual Pane Partial

    Water/Sewer

    Sewer: Public Sewer

  • Flooring Information

    Tile, Wood, Luxury Vinyl Plank

  • Roofing Information

    Flat, Other

  • Interior Features

    Roof: Flat, Other Appliances: Dishwasher, Microwave, Free Standing Electric Oven Laundry Features: In Common Area, Washer/Dryer Owned, Laundry Closet, Washer/Dryer Hookups

  • Heating & Cooling

    Heating: Central Cooling: Central WaterSource: Meter on Site, Public

  • Building Information

    Year Built: 1964 Stories: 2 Construction Materials: Frame Roof: Flat,Other Foundation Details: Slab

  • Exterior Features

    Foundation Details: Slab
    Porch: Balcony/Deck

  • Laundry Features

    In Common Area, Washer/Dryer Owned, Laundry Closet, Washer/Dryer Hookups

    Patio And Porch

    Balcony/Deck

  • Lot Information

    Lot Dimensions: 100 x 102.5 Lot Description: Curb(s), Shape Regular, Curbs/Gutters, Sidewalk Lot Square Feet: 10,250 Stories: 2 Main Square Feet: 6,592 Topography: Level

    Property Information

    Property Type: Residential Income Sub Type: 5 or More Units SQ ft (Living Area): 6,592 Construction Materials: Frame Property Age: 62 Cross Street: B Street Source Neighborhood: 11401 Area: Davis S: 95616 Zoning: P-D Living Area Source: Assessor Auto-Fill Structure Type: Apartments,Flats

    Farm Info

    Irrigation Source: Meter on Site

  • Listing Price Information

    Listing Id: 226048142 List Price: $2,695,000 List Price Tot SqFt: $409

  • Tax Information

    Parcel Number: 070-066-004-000

  • Parking Information

    Parking Total: 8 Open, Uncovered

  • Elementary School District: Davis Unified
    Junior High School District: Davis Unified
    Senior High School District: Davis Unified

  • Utility Information

    City, Sewer In & Connected

  • Location Information

    Direction: From I-80 East, take the Richards Blvd exit. Turn right onto Richards Blvd, left onto 1st Street, right onto B Street, then left onto 2nd Street. Property is located at the second driveway on the left.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Bianco Court, Davis, CA, 95616 $748,000 3 4 2,164 2,164 SqFt
Elmwood Drive, Davis, CA, 95616 $1,195,000 3 3 2,537 2,537 SqFt
Cannery Loop, Davis, CA, 95616 $1,200,000 4 4 2,999 2,999 SqFt
Arthur Street, Davis, CA, 95616 $598,000 2 1 1,034 1,034 SqFt
Carlsbad Avenue, Davis, CA, 95616 $2,999,000 5 5 3,650 3,650 SqFt
Larue Way, Davis, CA, 95616 $2,950,000 4 3 3,816 3,816 SqFt
Cabrillo Avenue, Davis, CA, 95616 $780,000 3 2 1,408 1,408 SqFt
Vine Street, Davis, CA, 95616 $925,000 4 3 2,012 2,012 SqFt
Primrose Place, Davis, CA, 95616 $1,349,500 5 3 3,246 3,246 SqFt
Alameda Ave, Davis, CA, 95616 $1,199,000 4 3 2,272 2,272 SqFt

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ByOwner last updated this listing 06/06/2026 @ 06:30

MLS: 226048142 LISTED BY: Ciana Wallace, RE/MAX Gold, Good Home Group SOURCE: MLS Metrolist

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