240 2nd Street
Davis, CA, 95616
$
2,695,000
Baths0.0
Sq
6,592
Monthly Estimate*
$
16,594
Studio for $2,695,000. This 6,592 square foot home was built in 1964 on a lot size of 0.2353.
Well-located 8-unit apartment building in the heart of Downtown Davis, just two blocks from UC Davis and within walking distance to restaurants, shopping, the Davis Farmers Market, and the Amtrak train station. Opportunities to acquire apartment properties in this immediate area are extremely limited, with very few sales occurring over the past decade, making this a rare offering in one of the most sought-after rental markets in Northern California. This highly desirable location supports strong and consistent rental demand driven by the university, excellent walkability, and limited housing supply. The property consists of eight 2 bedroom, 1 bath units (16 bedrooms total) and is currently fully leased with a strong occupancy history, providing stable in-place income. Two units are below market due to long-term tenancy, offering clear upside potential as rents move toward market levels. Additional income opportunities include potential increases to market rents, monetizing on-site laundry, implementing parking charges, and future tenant reimbursement of water, sewer, and garbage expenses. The property has been significantly updated over time by ownership, including replacement of exterior siding, roof improvements, upgraded electrical subpanels (2024), and extensive interior renovations to kitchens and bathrooms. Additional upgrades include updated flooring and various system improvements, contributing to a well-maintained asset with reduced near-term capital needs. Tenants are individually metered for gas and electricity, with water, sewer, and garbage paid by ownership, supporting an efficient operating profile. Ideal investment for both UC Davis parents and traditional investors seeking a well-positioned asset with stable income, strong demand, and long-term upside in a tightly held and supply constrained market.
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Features
General
Sewer
Public Sewer
Heating
Central
Cooling
Central
Utilities
City
Sewer In & Connected
Roof
Flat
Other
Appliances
Dishwasher
Microwave
Free Standing Electric Oven
Unit 4 Rent
2295
Unit 2 Rent
2295
Unit 3 Rent
2295
Unit 1 Rent
2295
HOA Fee
0
Garage Spaces
0.0
Patio/Porch Features
Balcony/Deck
Construction Materials
Frame
Year Built
1964
Tenant Pays
Electricity
Gas
Stories Count
2
Topography
Level
Levels
Two
Property Subtype
5 or More Units
Elevation
0
County
Yolo
Property Type
Residential Income
HOA
N
Total Rooms
0
Close Price
0.0
Status
Active
Directions
From I-80 East
take the Richards Blvd exit. Turn right onto Richards Blvd
left onto 1st Street
right onto B Street
then left onto 2nd Street. Property is located at the second driveway on the left.
City
Davis
High School District
Davis Unified
Zoning Description
P-D
Open Parking Spaces
0.0
Number Of Units Total
8
MLS Area
11401
Lot Size Square Feet
10250.0
Carport Spaces
0.0
Ok to Lease
12 Months
Standard Status
Active
Middle/Junior School District
Davis Unified
Elementary School District
Davis Unified
Year Built Source
Assessor Auto-Fill
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Interior
Flooring
Tile
Wood
Luxury Vinyl Plank
Total Stories
2
Furnished Units
None
Unit 1 Full Baths
1
Unit 2 Full Baths
1
Unit 3 Full Baths
1
Unit1Bedrooms
2
Unit3Bedrooms
2
Window Features
Dual Pane Partial
Laundry Features
In Common Area
Washer/Dryer Owned
Laundry Closet
Washer/Dryer Hookups
Unit 1 Bedroom Units Total
0
Unit 2 Bedroom Units Total
8
Unit 3 Bedroom Units Total
0
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Exterior
Parking Features
Open
Uncovered
Lot Features
Curb(s)
Shape Regular
Curbs/Gutters
Sidewalk
Water Source
Meter on Site
Public
Total Parking
8.0
Foundation Details
Slab
Number of Buildings
1
Lot Dimensions
100 x 102.5
Lot Size Acres
0.2353
Lot Size Source
Assessor Agent-Fill
Covered Spaces
0.0
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* Excluded Features
List By
Re/Max Gold, Good Home Group
Broker
realestate@ciana.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $16,594
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Multi-family listings in Davis, CA
Average List Price
$1,294,667
Percent of Sale Price
52%
About Davis, CA
68,440
Population
14%
Since 2002
$
65,258
Median Income
28.06
Median Age
25%
Households with Children
Trends Information provided by ATTOM Data Solutions.
3193669
Elementary School
3193773
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
4/23/2026
|
$2,695,000
|
|
Listed Price
|
240 2nd Street, Davis, CA, 95616 is a Multi-Family Home for sale at $2,695,000 with 6,592 sqft and a lot size of 0.2353. 240 2nd Street is a studio with 0.0 baths and was built in 1964. The property's zip code is 95616 which is in Davis, CA