Duplex with Private Yards and
For Sale
$998,000
1803-1805 Monarch Ln, Davis, CA 95618
Each residence includes a garage, driveway parking, and private outdoor areas.
Property Size2,036 SF
Price / SF$490.18
Days on Market112
Property Features for 1803-1805 Monarch Ln
General Information
Standard status
Active
Size
2,036 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1975
Buildings
1
Listing Agency:
Synergi Properties
(925) 691-9166
Listed By:
Alan Chan · License #01857259
(925) 691-9166
Source:
Exitrealty
Added: May 11
Changed: Aug 29
Last Checked: Aug 29 at 10:30PM
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 Synergi Properties
Investment Insights
Based on property information with market context.
This 1975-built duplex contains two three-bedroom, one-bath residences, each with a one-car garage, driveway parking, and separate front and rear outdoor areas. The layout includes a shared wall between the units, while dual-pane windows, newer water heaters, and a 2025 roof support the property's functional improvements. Exterior updates include rain gutters and paint completed in 2023, along with a private courtyard and backyard.
Located at 1803-1805 Monarch Ln in Davis, the property sits two blocks from Slide Hill Park and near greenbelt trails. Korematsu Elementary School, Harper Junior High, and Davis High School are nearby. UC Davis is a 19-minute bike ride away, and commuter bus service to Sacramento is a four-minute walk from the property.
Located at 1803-1805 Monarch Ln in Davis, the property sits two blocks from Slide Hill Park and near greenbelt trails. Korematsu Elementary School, Harper Junior High, and Davis High School are nearby. UC Davis is a 19-minute bike ride away, and commuter bus service to Sacramento is a four-minute walk from the property.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1 bath per residence
- Each unit includes a one‑car garage and driveway parking
- Private front and rear outdoor areas for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,002
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$580,040
$580.0K
Cap Rate 7%
$414,314
$414.3K
Cap Rate 9%
$322,244
$322.2K
Market Conditions
NOI Build-Up for 2,036 SF
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.
Gross rent
$44.0K $21.60/SF
− Vacancy
−$2.5K −$1.25/SF
EGI
$41.4K $20.35/SF
− OpEx
−$12.4K −$6.10/SF
NOI
$29.0K $14.24/SF
Area
Yolo County, CA
Vacancy
5.79%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$580,040
Cap Rate 7%
$414,314
Cap Rate 9%
$322,244
Alternative Uses
Best Use
Multifamily LT 5
$414.3K
$362.5K – $483.4K
NOI $29,002 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$378.5K
$331.2K – $441.6K
NOI $26,498 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$549.4K
$480.7K – $640.9K
NOI $38,456 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 95618, CA
27,472
Population
10,898
Households
2.5
Avg Household Size
33
Median Age
72%
College-Educated
95%
High-School Grad
32.1 sq mi
ZIP Area
856
Density / Sq Mi
$112,454
Median Household Income
$51,999
Median Earnings
$2,237
Median Rent
$839,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a garage, driveway parking, and private outdoor areas.
Where is this duplex located?
The property is located at 1803-1805 Monarch Ln Davis, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1 bath per residence; Each unit includes a one‑car garage and driveway parking; Private front and rear outdoor areas for both residences
