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Multifamily

401 E St

401 E St, Davis, CA 95616

Listing Price: $3,600,000

Cap Rate
2.62%
Number of Units
12
GRM
12.50
Occupancy
98.0%
Price/Unit
$300,000
Price/Gross SF
$428.57
Gross SF
8,400

Investment Overview

Marcus & Millichap is proud to present the sale on this exceptional 12-unit apartment building located in the heart of downtown Davis, California. This pride of ownership asset offers a unique opportunity for investors seeking a lucrative real estate venture in one of the most desirable locations in the region. With all 1-bedroom units and an unbeatable location, this property promises both attractive rental income potential and long-term value appreciation.

Situated in the lively downtown area of Davis, this apartment building benefits from close proximity to an array of amenities, including trendy restaurants, boutiques, entertainment venues, parks, and a lively community atmosphere. Tenants will relish the convenience of walking to nearby attractions, University of California, Davis (UC Davis) campus, and public transportation options. Additionally, the demand for rental properties in Davis is bolstered by the university's student population, providing a reliable tenant pool.

For investors seeking value appreciation, this property presents upside potential through strategic improvements and rental rate optimization. With the right upgrades and marketing efforts, investors can enhance rental income and property value over time. Due to its proximity to UC Davis and downtown amenities, the property maintains a historically low vacancy rate. Such a favorable vacancy trend translates into a consistent cash flow for investors, contributing to the overall appeal of this opportunity.

Davis, CA, is a vibrant city nestled in Yolo County, California. Driven by the presence of the University of California, Davis, the city boasts a population of around 70,000 residents. With a focus on sustainability, a bike-friendly culture, and a diverse community influenced by the university, Davis offers a unique blend of small-town charm and academia. The city's dynamic demographics are characterized by a significant student presence, leading to a lively atmosphere and a strong emphasis on education and family-friendly small town living.

Investment Highlights

  • Prime Downtown - Unbeatable Location in the Heart of Downtown Davis
  • Major Upside in Rents - Approximately 30-40% Under Market
  • Pride of Ownership and Value-Add Asset - First Time on the Market in Over 55 Years!
  • Low Vacancy Rate With UC Davis Being One of the Main Driving Factors
  • Roof Replaced in 2017, New Water Heaters in Each Unit & On-Site Laundry Facilities

Exclusively Listed By

Multifamily

401 E St

Listing Price: $3,600,000

Cap Rate
2.62%
Number of Units
12
GRM
12.50
Occupancy
98.0%
Price/Unit
$300,000
Price/Gross SF
$428.57
Gross SF
8,400

Investment Highlights

  • Prime Downtown - Unbeatable Location in the Heart of Downtown Davis
  • Major Upside in Rents - Approximately 30-40% Under Market
  • Pride of Ownership and Value-Add Asset - First Time on the Market in Over 55 Years!
  • Low Vacancy Rate With UC Davis Being One of the Main Driving Factors
  • Roof Replaced in 2017, New Water Heaters in Each Unit & On-Site Laundry Facilities

Investment Overview

Marcus & Millichap is proud to present the sale on this exceptional 12-unit apartment building located in the heart of downtown Davis, California. This pride of ownership asset offers a unique opportunity for investors seeking a lucrative real estate venture in one of the most desirable locations in the region. With all 1-bedroom units and an unbeatable location, this property promises both attractive rental income potential and long-term value appreciation. Situated in the lively downtown area of Davis, this apartment building benefits from close proximity to an array of amenities, including trendy restaurants, boutiques, entertainment venues, parks, and a lively community atmosphere. Tenants will relish the convenience of walking to nearby attractions, University of California, Davis (UC Davis) campus, and public transportation options. Additionally, the demand for rental properties in Davis is bolstered by the university's student population, providing a reliable tenant pool. For investors seeking value appreciation, this property presents upside potential through strategic improvements and rental rate optimization. With the right upgrades and marketing efforts, investors can enhance rental income and property value over time. Due to its proximity to UC Davis and downtown amenities, the property maintains a historically low vacancy rate. Such a favorable vacancy trend translates into a consistent cash flow for investors, contributing to the overall appeal of this opportunity. Davis, CA, is a vibrant city nestled in Yolo County, California. Driven by the presence of the University of California, Davis, the city boasts a population of around 70,000 residents. With a focus on sustainability, a bike-friendly culture, and a diverse community influenced by the university, Davis offers a unique blend of small-town charm and academia. The city's dynamic demographics are characterized by a significant student presence, leading to a lively atmosphere and a strong emphasis on education and family-friendly small town living.

Exclusively Listed By

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