Renovated 8-Unit Apartment
For Sale
$2,450,000
828 D St, Davis, CA 95616
Renovated multifamily property near UC Davis and downtown Davis, with varied unit layouts.
Property Size6,050 SF
Lot Size0.29 Acres
Days on Market61
Property Features for 828 D St
General Information
Standard status
Active
Size
6,050 SF
Net Rentable
6,050 SF
Lot size
0.29 Acres
Property subtype
Multifamily
Occupancy
97%
Units
Unit Mix
4 x 1BR/1BA, 3 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
8
Additional Details
Public Transit
Yes
Amenities
8-unit multifamily community built in 1964, comprehensively renovated in 2024, with stabilized operations at 96.5% occupancy.
Diversified unit mix of 1-, 2-, and 3-bedroom floor plans serving a broad range of renters in Davis's university-anchored rental market.
Located under 1.5 miles from UC Davis and walking distance to downtown, with a hospital, Amtrak station, and grocers nearby.
NOI of $135,073 today, increasing to $148,728 in Year 1 on achievable, in-place rent growth.
Building Details
Building Size
6,050 SF
Year Built
1964
Year Renovated
2024
Units
8
Listing Agency:
Marcus & Millichap - Sacramento
Listed By:
Isaak Heitzeberg · License #License(s): CA: 01989468
(916) 724-1285
Source:
Marcusmillichap
Added: Aug 15
Changed: Oct 11
Last Checked: Oct 12 at 4:47PM
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 Marcus & Millichap - Sacramento
Investment Insights
Based on property information with market context.
The property at 828 D Street is an 8-unit apartment community built in 1964 and comprehensively renovated in 2023-2024. Its configuration includes four 1-bedroom/1-bathroom apartments, three 2-bedroom/1-bathroom apartments, and one 3-bedroom/2-bathroom apartment. The units total 6,050 rentable square feet on a 12,632 square-foot lot, with individual layouts ranging from approximately 600 to 1,100 square feet. Occupancy is currently 96.5%.
The community is located less than 1.5 miles from the UC Davis campus and within walking distance of downtown Davis. Sutter Davis Hospital, the Davis Amtrak/Capitol Corridor station, and five grocery options are each within a two-mile radius. The combination of varied apartment sizes and proximity to university, downtown, medical, transit, and daily-needs destinations supports the property's residential rental use.
The community is located less than 1.5 miles from the UC Davis campus and within walking distance of downtown Davis. Sutter Davis Hospital, the Davis Amtrak/Capitol Corridor station, and five grocery options are each within a two-mile radius. The combination of varied apartment sizes and proximity to university, downtown, medical, transit, and daily-needs destinations supports the property's residential rental use.
Key Highlights
- 8‑unit apartment community at 828 D St, Davis, CA 95616
- Comprehensively renovated in 2023‑2024; originally built in 1964
- Unit mix includes four 1‑bedroom/1‑bathroom, three 2‑bedroom/1‑bathroom, and one 3‑bedroom/2‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,738
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,760
$1.6M
Cap Rate 7%
$1,124,829
$1.1M
Cap Rate 9%
$874,867
$874.9K
Market Conditions
NOI Build-Up for 6,050 SF
Gross rent
$152.5K $25.20/SF
− Vacancy
−$9.3K −$1.54/SF
EGI
$143.2K $23.66/SF
− OpEx
−$64.4K −$10.65/SF
NOI
$78.7K $13.01/SF
Area
Yolo County, CA
Vacancy
6.10%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,760
Cap Rate 7%
$1,124,829
Cap Rate 9%
$874,867
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$984.2K – $1.31M
NOI $78,738 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,272 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,374
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property near UC Davis and downtown Davis, with varied unit layouts.
Where is this apartment building located?
The property is located at 828 D St Davis, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 8‑unit apartment community at 828 D St, Davis, CA 95616; Comprehensively renovated in 2023‑2024; originally built in 1964; Unit mix includes four 1‑bedroom/1‑bathroom, three 2‑bedroom/1‑bathroom, and one 3‑bedroom/2‑bathroom units
