USACADavis240 2Nd Street
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240 2Nd Street, Davis, CA

House

For Sale

Listed price in listed location currency (USD).
$2,695,000

008

MLS® 226048142

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6592 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1964
Avg. Price Per Sqft $408
MLS® Number 226048142

Property Address: 240 2nd Street, Davis, CA, 95616

Average square foot calculated using Size range provided by listing agent.

Description

Well-located 8-unit apartment building in the heart of Downtown Davis, just one block 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 and is currently fully occupied, providing stable in-place income. Two units are below market due to long-term tenancy, offering clear upside potential as rents move toward market levels. Additional income opportunities exist through monetizing the existing on-site laundry and implementing parking charges. 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, 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.
MLS® Number226048142
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1964
Basement
DrivewayOpen, Uncovered
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 23, 2026List Date
$2,695,000List Price
  • Commute

Commute

Starting Address
Destination Address
240 2Nd Street, Davis, CA

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