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Ron Benning

ronbenning@yahoo.com +1(916) 730-3846

$ 1,840,000

Est. payment | -/mo

3,760 SqFt

Save

$ 1,840,000

Est. payment | -/mo

Save

3,760 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,760 sqft

Price per Sqft $489

MLS Listing ID 226117804

HOA Y/N No

Year Built 1962

Lot Size 6,451 Sqft

Acres 0.1481

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

204 University Avenue provides a rare opportunity to acquire an extremely well located multi-family asset in Downtown Davis, positioned within the highly desirable corridor connecting the Downtown core and UC Davis. The property offers immediate in-place income with full occupancy at acquisition, supported by a strong operating track record and very low vacancies. It also includes a rare opportunity within this neighborhood to eventually redevelop a 3-story property with no onsite parking requirements. Offered for the first time in 46 years, 204 University Avenue represents a compelling combination of irreplaceable location, stable cash flow, and longer-term redevelopment potential in one of Davis's most sought-after submarkets. This fully rented 5 unit property is offered at a 5% cap rate, priced at $1,840,000 with an actual 2025 NOI of $92,042. The property is comprised of 2 bed / 1 bath units with in unit laundry, dedicated off street parking and newer mini split HVAC systems (Oct 2022).

Location

State CA

County Yolo

Area 11401

Direction From Richards Blvd Exit head northwest on Richards into downtown, turn left on 1st st, righ onto B st, left onto 2nd st and the property is located on the corner of 2nd St and University Avenue.

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 752 Bedrooms: 2 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 2300 SqFt Source: Not Measured Unit-2 Type: Apartment Approx SqFt: 752 Bedrooms: 2 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 2100 SqFt Source: Not Measured Unit-3 Type: Apartment Approx SqFt: 752 Bedrooms: 2 Full Baths: 1 Total Rooms: 4 Occupancy: Tenant Rent: 2200 SqFt Source: Not Measured Unit-4 Type: Apartment Approx SqFt: 752 Bedrooms: 2 Full Baths: 2 Total Rooms: 4 Occupancy: Tenant Rent: 2350 SqFt Source: Not Measured

Interior

Heating Ductless

Cooling Ductless

Flooring Carpet, Vinyl

Laundry In Each Unit

Exterior

Parking Features Off Street

Utilities Available Cable Available, Sewer In & Connected, Internet Available, Natural Gas Connected

Water Access Desc Public

Roof Type Flat

Total Parking Spaces 6

Building

Lot Description Corner, Curbs/Gutters

Story 2

Foundation Raised

Sewer Public Sewer

Water Public

Schools

Elementary Schools Davis Unified

Middle Schools Davis Unified

High Schools Davis Unified

School District Yolo

Others

Senior Community No

Tax ID 070-065-008-000

Special Listing Condition None

Listed by Windermere Signature Properties Davis

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(916) 730-3846

ronbenning@yahoo.com

Sacramento 95825

Learn More About LPT Realty

204 University AVE Davis, CA 95616