Fourplex with Off-Street
1331 Drake Drive Davis, CA 95616
1331 Drake Drive, Davis, CA, 95616
$1,350,000
For Sale
$1,350,000
Central Davis fourplex offering two 3-bedroom units and two 2-bedroom units with off-street parking and on-site laundry.
Property Size4,100 SF
Price / SF$329.27
Days on Market64
Property Features for 1331 Drake Drive
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1971
Listing agency
Dowling Properties
(530) 753-6485
Listed by
Andrew Dowling · License #01232466
(530) 753-6485
Source
Exitrealty
Added: May 20 Updated: Jul 21 at 3:05PM Checked: Jul 21 at 3:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dowling Properties
Investment Insights
Based on property information with market context.
This fourplex includes two 3-bedroom, 1.5-bath units and two 2-bedroom, 1-bath units. Upgrades vary by unit, and each unit is described as having a solid floorplan. All units have at least one off-street parking space. Coin-operated laundry is available on site, supporting tenant convenience.
The property is positioned in central Davis, within an easy bike ride to UC Davis and within walking distance to the Marketplace shopping center.
One unit is currently not rented for the 9/1/2026 to 8/31/2027 period, with the owner keeping Unit B vacant for possible owner occupancy.
The property is positioned in central Davis, within an easy bike ride to UC Davis and within walking distance to the Marketplace shopping center.
One unit is currently not rented for the 9/1/2026 to 8/31/2027 period, with the owner keeping Unit B vacant for possible owner occupancy.
Key Highlights
- 1971‑built central Davis 4‑plex with two 3‑bedroom, 1.5‑bath units and two 2‑bedroom, 1‑bath units
- All units include at least 1 off‑street parking space and have good floorplans
- Coin‑operated laundry on site for tenants
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.6k | $21.60 |
| − Vacancy | −$5.1k | −$1.25 |
| EGI | $83.4k | $20.35 |
| − OpEx | −$25.0k | −$6.10 |
| NOI | $58.4k | $14.24 |
4,100 SF · lease $21.60/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$834.3K
$730.0K – $973.4K
NOI $58,403 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$762.3K
$667.0K – $889.3K
NOI $53,360 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.11M
$968.0K – $1.29M
NOI $77,441 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Central Davis fourplex offering two 3-bedroom units and two 2-bedroom units with off-street parking and on-site laundry.
Where is this quadplex located?
The property is located at 1331 Drake Drive Davis, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1971‑built central Davis 4‑plex with two 3‑bedroom, 1.5‑bath units and two 2‑bedroom, 1‑bath units; All units include at least 1 off‑street parking space and have good floorplans; Coin‑operated laundry on site for tenants
