8-Unit Apartment
240 2nd Street Davis, CA 95616
240 2nd Street, Davis, CA, 95616
$2,695,000
Pending
For Sale
$2,695,000
Pending
Fully leased eight-unit building with renovated interiors, updated electrical subpanels, and individually metered gas and electricity.
Property Size3,200 SF
Days on Market89
Property Features for 240 2nd Street
General Information
- Standard status
- Pending
- Size
- 3,200 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1964
Listing agency
RE/MAX Gold, Good Home Group
(530) 902-4262
Listed by
Ciana D. Wallace · License #01309577
(530) 902-4262
Source
Exitrealty
Added: Apr 24 Updated: Jul 20 at 9:44PM Checked: Jul 21 at 4:30AM
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 RE/MAX Gold, Good Home Group
Investment Insights
Based on property information with market context.
This eight-unit apartment building includes eight 2-bedroom, 1-bath units (16 bedrooms total) and is currently fully leased with a strong occupancy history. The property has seen substantial updates over time, including replacement of exterior siding, roof improvements, upgraded electrical subpanels (2024), and extensive interior renovations to kitchens and bathrooms, along with updated flooring and other system improvements.
Located in the heart of Downtown Davis, the building is approximately two blocks from UC Davis and within walking distance of restaurants, shopping, the Davis Farmers Market, and the Amtrak train station.
Two units are described as below market due to long-term tenancy. Additional income opportunities may include adjustments toward market rents, monetizing on-site laundry, implementing parking charges, and seeking future tenant reimbursement of water, sewer, and garbage. Tenants are individually metered for gas and electricity, while water, sewer, and garbage are paid by ownership.
Located in the heart of Downtown Davis, the building is approximately two blocks from UC Davis and within walking distance of restaurants, shopping, the Davis Farmers Market, and the Amtrak train station.
Two units are described as below market due to long-term tenancy. Additional income opportunities may include adjustments toward market rents, monetizing on-site laundry, implementing parking charges, and seeking future tenant reimbursement of water, sewer, and garbage. Tenants are individually metered for gas and electricity, while water, sewer, and garbage are paid by ownership.
Key Highlights
- 8‑unit apartment building built in 1964, consisting of eight 2‑bedroom, 1‑bath units (16 bedrooms total)
- Currently fully leased with a strong occupancy history for stable in‑place income
- Renovations include updated kitchens and bathrooms, interior flooring updates, and roof/exterior siding improvements
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully leased eight-unit building with renovated interiors, updated electrical subpanels, and individually metered gas and electricity.
Where is this apartment building located?
The property is located at 240 2nd Street Davis, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 8‑unit apartment building built in 1964, consisting of eight 2‑bedroom, 1‑bath units (16 bedrooms total); Currently fully leased with a strong occupancy history for stable in‑place income; Renovations include updated kitchens and bathrooms, interior flooring updates, and roof/exterior siding improvements
