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Multifamily

St. George Apartments

811 F St, Davis, CA 95616

Listing Price: Request For Offer

Number of Units
17
Occupancy
100.0%
Gross SF
14,464

Investment Overview

Marcus & Millichap is proud to exclusively list for sale St. George Apartments, a beautiful pride of ownership apartment community located in the affluent college town of Davis, California. The 1987 built property consists of 4 One Bedroom / One Bathroom units and 13 Two Bedroom / One Bathroom units. Although the property has been meticulously maintained and cared for over the years, St. George Apartments represents a truly unique value-add opportunity in one of the best rental markets in the California Central Valley. With functional advantages over neighboring properties, such as modern open floor plans and originally plumbed side by side washer/dryer sets in every unit, the St. George interiors are poised for interior renovation to set new market rents for the area. The property also features individual hot water heaters, balconies, backyards, and a swimming pool, features indicative of the property's vintage. The ground zero location allows residents to be walking distance to either UC Davis or the vast employment and entertainment options of downtown Davis. Current ownership has installed bike racks throughout the property as the City of Davis boasts a unique biking culture. The commuter will also enjoy ample assigned parking and a short 1 mile drive to Interstate 80, the major East-West transportation hub for Northern California and Sacramento region. As the COVID-19 related demographic shifts accelerate, secondary city markets continue to play catcher's mitt to large swaths of people fleeing crowded and more expensive coastal markets. What makes the Sacramento region truly unique is the relatively small construction pipeline in comparison to similar secondary cities experiencing similar population booms, further putting downward pressure on vacancy and driving rents. With the announcement of UC Davis holding in place classes this fall, the Davis rental market is poised for a major bounce back after a dip in the 2020 calendar year. All tours must be scheduled with listing agents. Please do not disturb tenants or management.

Investment Highlights

  • Ground Zero Davis Location - Walking Distance to UC Davis
  • Great Unit Mix - Mostly Two-Bedrooms Units
  • Average Unit Size 868 Square Feet - Originally Plumbed Side By Side Washer Dryers in Every Unit

Exclusively Listed By

Multifamily

St. George Apartments

Listing Price: Request For Offer

Number of Units
17
Occupancy
100.0%
Gross SF
14,464

Investment Highlights

  • Ground Zero Davis Location - Walking Distance to UC Davis
  • Great Unit Mix - Mostly Two-Bedrooms Units
  • Average Unit Size 868 Square Feet - Originally Plumbed Side By Side Washer Dryers in Every Unit

Investment Overview

Marcus & Millichap is proud to exclusively list for sale St. George Apartments, a beautiful pride of ownership apartment community located in the affluent college town of Davis, California. The 1987 built property consists of 4 One Bedroom / One Bathroom units and 13 Two Bedroom / One Bathroom units. Although the property has been meticulously maintained and cared for over the years, St. George Apartments represents a truly unique value-add opportunity in one of the best rental markets in the California Central Valley. With functional advantages over neighboring properties, such as modern open floor plans and originally plumbed side by side washer/dryer sets in every unit, the St. George interiors are poised for interior renovation to set new market rents for the area. The property also features individual hot water heaters, balconies, backyards, and a swimming pool, features indicative of the property's vintage. The ground zero location allows residents to be walking distance to either UC Davis or the vast employment and entertainment options of downtown Davis. Current ownership has installed bike racks throughout the property as the City of Davis boasts a unique biking culture. The commuter will also enjoy ample assigned parking and a short 1 mile drive to Interstate 80, the major East-West transportation hub for Northern California and Sacramento region. As the COVID-19 related demographic shifts accelerate, secondary city markets continue to play catcher's mitt to large swaths of people fleeing crowded and more expensive coastal markets. What makes the Sacramento region truly unique is the relatively small construction pipeline in comparison to similar secondary cities experiencing similar population booms, further putting downward pressure on vacancy and driving rents. With the announcement of UC Davis holding in place classes this fall, the Davis rental market is poised for a major bounce back after a dip in the 2020 calendar year. All tours must be scheduled with listing agents. Please do not disturb tenants or management.

Exclusively Listed By

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