4923 Cowell Blvd, Davis, CA 95618
- Commercial real estate
- 3,522 SF
Current Use by Public Records
- Commercial real estate
Property Details for 4923 Cowell Blvd
- Year built
- 1969
- Property type
- Commercial real estate
- APN
- 068-071-006-000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 12, 2025 | — | Dhiraj Vijayrao Jadhav | — | Deed · related | $735k · West Capital Lending INC |
| Dec 23, 2024 | — | Dhiraj Vijayrao Jadhav | Bhagyashri Desai | Deed · related | — |
| Dec 23, 2024 | $999,000 | Dhiraj Vijayrao Jadhav | Steven S Shepps | Grant Deed | $749k · Rocket Mortgage LLC |
| Jun 24, 2020 | — | Steven Scott Shepps | Steven S Shepps | Deed · related | $531k · Goldwater Bank NA |
Description
This exceptional 4-unit apartment building, located at 4923 Cowell Blvd in Davis, CA, presents a compelling investment opportunity. Built in 1969 and renovated in 2023, this Class B property boasts 3,522 square feet on a spacious 10,120 square foot lot. The property features four units, each approximately 753 square feet, with two bedrooms and one bathroom. Currently enjoying 100% occupancy (as of August 1, 2024), the property generates a substantial net operating income (NOI) of $71,425, resulting in a 7.15% cap rate. A pro-forma NOI of $20,401 and a pro-forma cap rate of 2.04% are also available. The property includes six parking spaces. Situated in a desirable neighborhood near UC Davis, this property benefits from its proximity to the university, local amenities, and convenient access to major transportation routes. The asking price is $999,000, translating to $249,750 per unit. The property is held in trust and is not subject to a ground lease. The large lot size presents potential for future development, subject to buyer verification. This stabilized investment offers a strong return and significant upside potential in a thriving rental market. The property's recent renovations ensure long-term value and minimal maintenance needs. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a prime Davis location.
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Location Insight
- Map
- Local Demand
- City
- Davis
- County
- Yolo
- State
- California
- Longitude
- -121.69022891795
- Latitude
- 38.548909748242
