Purpose-Built Multifamily Apartment
1666 Da Vinci Ct Davis, CA 95618
1666 Da Vinci Ct, Davis, CA, 95618
$16,500,000
For Sale
$16,500,000
Built in 2005, this 43-unit community offers four-, three-bedroom, and studio apartments totaling 155 bedrooms.
Days on Market110
Property Features for 1666 Da Vinci Ct
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Sacramento Office
(916) 724-1285
Listed by
Isaak Heitzeberg · License #CA: 01989468
(916) 724-1285
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 21 at 3:47AM Checked: Jul 21 at 3:47AM
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Investment Insights
Based on property information with market context.
Davinci Apartments is a purpose-built multifamily property constructed in 2005, offering 43 total units and 155 bedrooms. The unit mix includes 31 four-bedroom units, 4 three-bedroom units, and 8 studios, creating a configuration designed to serve a range of household needs within a university-oriented rental market.
The property is positioned about a five-minute bike ride from UC Davis and is described as having access to transit and bike paths, along with proximity to retail, dining, and cultural amenities in downtown Davis. UC Davis enrollment is described as nearly 40,000 students annually, supporting steady year-round rental demand. The offering details an operating cap rate of 5.66%, with a projected pro forma cap rate approaching 7.0% based on opportunities outlined in the remarks. The report also notes that 33% of the property faces an income restriction tied to 60% and 80% of Median Income, potentially providing property tax reduction and tax abatement possibilities while allowing rents described as virtually market rates.
The property is positioned about a five-minute bike ride from UC Davis and is described as having access to transit and bike paths, along with proximity to retail, dining, and cultural amenities in downtown Davis. UC Davis enrollment is described as nearly 40,000 students annually, supporting steady year-round rental demand. The offering details an operating cap rate of 5.66%, with a projected pro forma cap rate approaching 7.0% based on opportunities outlined in the remarks. The report also notes that 33% of the property faces an income restriction tied to 60% and 80% of Median Income, potentially providing property tax reduction and tax abatement possibilities while allowing rents described as virtually market rates.
Key Highlights
- Built in 2005: 43‑unit multifamily community with 155 total bedrooms
- Unit mix: 31 four‑bedroom units, 4 three‑bedroom units, and 8 studios
- Approximately 5‑minute bike ride to UC Davis campus
Property Analytics
Location Intelligence
Current Use by Public Records
Davis Davinci Apartments
Apartments
DaVinci
Apartment Complex
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FAQs
What type of property is this?
Apartment building - Built in 2005, this 43-unit community offers four-, three-bedroom, and studio apartments totaling 155 bedrooms.
Where is this apartment building located?
The property is located at 1666 Da Vinci Ct Davis, CA.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: Built in 2005: 43‑unit multifamily community with 155 total bedrooms; Unit mix: 31 four‑bedroom units, 4 three‑bedroom units, and 8 studios; Approximately 5‑minute bike ride to UC Davis campus
