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240 2nd St
Davis, CA 95616 University Avenue

$2,695,000 USD

Apartments For Sale • 7,200 SF

Property Details

Property Type Apartments
Total Building Size 6,592 SF
Lot Size 0.23 AC
Building Class C
Year Built 1964
Cap Rate 4.88 %
Zoning PD2-86E

60 Transit Score

70 Walk Score

                
                    Highlights
                
                                University Rice neighborhood location, positioned between Downtown Davis (1 block) and UC Davis (2 blocks)
                            
                                Walkable to Downtown, UC Davis, restaurants, shopping, and Amtrak
                            
                                Fully leased with strong occupancy history
                            
                                Eight 2 bedroom, 1 bath units (16 bedrooms total)
                            
                                Rental upside to $2,350 per unit; two units currently below market
                            
                                Value-add opportunity through RUBS (water, sewer, garbage), laundry, and parking

Property Flyers

Offering Memorandum_comp_240_2nd_St

Financial Summary (Actual)

Net Operating Income: $131,494 USD (2025)

Cap Rate:	4.88 %
Total Expenses:	$76,776 USD

Amenities

Air Conditioning
Balcony
Dishwasher
Disposal
Laundry Facilities
Heating
Granite Countertops
Refrigerator
Oven
Range
Walk-In Closets
Breakfast Nook
Double Pane Windows
Family Room
Large Bedrooms
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	2 min	8 min	0.4 mi
Airport	Drive	Walk	Distance
Sacramento International	31 min	-	21.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Ciana Wallace 530-902-4262 GoodHome Group powered by RE/MAX Gold

240 2nd St Davis, CA 95616 University Avenue