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    2 3Rd Ave Davenport, CA 95017

    Sponsored
    For Sale
    $1,575,000

    Craftsman, Duplex - DAVENPORT, CA

    Type:Duplex
    Property size:
    1,329 SF
    Lot size:
    0.29 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 19 at 10:06 pm

    Property Features for 2 3Rd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    R-1-6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Parking
    6
    Parking features
    Garage, Garage - Detached, On Street
    Interior features
    None
    Size
    1,329 SF
    Lot size
    0.29 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1901
    Number of units
    2
    Roof type
    Composition
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Roger Knapp

    Christie's International Real Estate Sereno (408) 335-1400 [email protected]

    Listing agent Roger Knapp (831) 460-1100 License #00836856

    Listing date Jan 18, 2026

    MLS# ML82031669 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Ocean View Davenport Duplex

    This property features a vintage home and an additional permitted unit, situated on a large lot exceeding 12,500 square feet. Located approximately half a mile north of Davenport, the property offers wide open ocean views. The R-1-6 zoning and lot size may offer lot split potential; verification with the county or a land use consultant is recommended. The area is known for bird watching, surfing, kite surfing, mountain biking, and hiking, with miles of wilderness along the Pacific Coast. The Davenport area is surrounded by protected open space on the mountain side and the Monterey Marine Sanctuary on the ocean side. Cotoni Coast Dairies plans to open hiking trails nearby. The property is approximately one hour from SFO. The property contains 1,329 square feet and is located in Davenport, CA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Nail Salon Department Store Bar & Pub Restaurant Discount Store Cafe & Coffee Shop Pawn Shop Building Supply Electrical Service Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Santa Cruz
    State
    California
    Longitude
    -122.2048294
    Latitude
    37.0190643

    Nearby Similar for Sale

    • $1,699,000
      3,488 SF

      Davenport Hwy 1 Commercial Gem

      Beachfront Commercial Building, Huge Potential
      450 Highway 1, Davenport, CA 95017
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with ocean views on a large lot near Davenport.
    Where is this duplex located?
    The property is located at 2 3Rd Ave Davenport, CA.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: - Unobstructed, wide-open ocean views with whale watching opportunities directly from the living room.; - Large 12,500+ sq ft lot with potential for lot split (subject to county/consultant verification).; - Includes a vintage home plus an additional permitted unit, offering rental income potential or multi-generational living.
    (831) 460-1100
    Request Owner's contact information
    2 3Rd Ave Davenport, CA 95017
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    Davenport, CA 95017
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 3Rd Ave Davenport, CA 95017
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    We can help!
    Listing Contact
    Roger Knapp
    Real Estate License ID: 00836856
    (831) 460-1100
    Learn more
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