Remodeled Triplex with Detached
New
For Sale
$1,440,000
2927 Salem, Davis, CA 95616
Each residence includes indoor laundry, private yard areas, and detached garage parking.
Property Size3,180 SF
Lot Size0.39 Acres
Price / SF$452.83
Days on Market2
Property Features for 2927 Salem
General Information
Standard status
Active
Size
3,180 SF
Total Parking Spaces
6
Lot size
0.39 Acres
Property subtype
Residential Income
Zoning
R2
Units
Multifamily Units
3
Parking per Unit
2
Additional Details
Public Transit
Yes
Amenities
indoor laundry
swimming pools
fitness center
lake
lighted tennis courts
pickleball courts
clubhouse
library
pool/billiards room
BBQ areas
Decking
Gameroom
Manager's Office
Yard Space
Patios/Balcony
Playground
Building Details
Building Size
3,180 SF
Year Built
1973
Buildings
1
Stories
1
Units
3
Listing Agency:
RE/MAX Gold Davis
7561212
Listed By:
Jin-Ying Shaw · License #1471258
(530) 400-5643
Source:
Cachecreekrealty
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 1:37AM
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 Davis
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Investment Insights
Based on property information with market context.
This R2-zoned triplex, built in 1973, contains 3,180 square feet on a lot measuring more than 17,200 square feet. All three residences have been remodeled and include indoor laundry, front and back yard areas, and two detached garage spaces per unit.
The property is in the Stonegate community in Davis, near parks, greenbelts, shopping, dining, schools, and UC Davis. Community amenities include pools, a fitness center, a 17-acre lake, lighted tennis and pickleball courts, a clubhouse, and barbecue areas.
The property is in the Stonegate community in Davis, near parks, greenbelts, shopping, dining, schools, and UC Davis. Community amenities include pools, a fitness center, a 17-acre lake, lighted tennis and pickleball courts, a clubhouse, and barbecue areas.
Key Highlights
- Three remodeled residences in an R2‑zoned triplex
- 3,180 square feet of building area on a lot exceeding 17,200 square feet
- Each unit has indoor laundry, front and back yard space, and two detached garage spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,298
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,960
$906.0K
Cap Rate 7%
$647,114
$647.1K
Cap Rate 9%
$503,311
$503.3K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$68.7K $21.60/SF
− Vacancy
−$4.0K −$1.25/SF
EGI
$64.7K $20.35/SF
− OpEx
−$19.4K −$6.10/SF
NOI
$45.3K $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 Rate 5%
$905,960
Cap Rate 7%
$647,114
Cap Rate 9%
$503,311
Alternative Uses
Best Use
Multifamily LT 5
$647.1K
$566.2K – $755.0K
NOI $45,298 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$591.2K
$517.3K – $689.8K
NOI $41,386 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$858.1K
$750.8K – $1.00M
NOI $60,064 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
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Business Placement
Demographics for 95616, CA
51,003
Population
19,944
Households
2.6
Avg Household Size
27
Median Age
75%
College-Educated
97%
High-School Grad
29.9 sq mi
ZIP Area
1,706
Density / Sq Mi
$74,758
Median Household Income
$25,109
Median Earnings
$1,911
Median Rent
$856,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes indoor laundry, private yard areas, and detached garage parking.
Where is this triplex located?
The property is located at 2927 Salem Davis, CA.
What is the asking price?
The asking price for this property is $1,440,000.
What are key features of this property?
This property features: Three remodeled residences in an R2‑zoned triplex; 3,180 square feet of building area on a lot exceeding 17,200 square feet; Each unit has indoor laundry, front and back yard space, and two detached garage spaces
