Home | Yolo County | Davis | 95616 | 240 2nd St
MLS: ME226048142 | Status: | Price: $2,695,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 6,592 | 10,250 | – |
Well-located 8-unit apartment building in the heart of Downtown Davis, just one block 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 and is currently fully occupied, 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 exist through monetizing the existing on-site laundry and implementing parking charges. 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-m
| Field | Value |
|---|---|
| MLS # | ME226048142 |
| MLS Source | MetroList Services, Inc. |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Microwave, Oven - Electric |
| Flooring | Tile, Wood |
| Cooling | Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Roof | Flat, Other |
| Foundation | Slab |
| Style | Flat |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| Sewer | Public Sewer |
| Water | Public |
| HOA Fee | $0 |
| Zoning | P-D |
Ciana Wallace
RE/MAX Gold, Good Home Group
License #: 01309577
Phone: (530) 902-4262
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 8 | 8 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 824 | 2 | 1/0 | $2,295 | – | – |
| 2 | 824 | 2 | 1/0 | $2,295 | – | – |
| 3 | 824 | 2 | 1/0 | $2,295 | – | – |
| 4 | 824 | 2 | 1/0 | $2,295 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Davis School For Independent Study | public | K-12 | 0.35 mi | 10 |
| King (Martin Luther) High (Continuation) School | public | 9-12 | 0.46 mi | 3 |
| Davis Special Education Pre-School | public | UG | 0.96 mi | N/A |
| North Davis Elementary School | public | K-6 | 1.01 mi | 7 |
| Oliver Wendell Holmes Junior High School | public | 7,8,9 | 1.03 mi | 8 |
| Davis Senior High School | public | 10-12 | 1.07 mi | 10 |
| Davis Adult Education | public | UG | 1.10 mi | N/A |
| Cesar Chavez Elementary School | public | K-6 | 1.15 mi | 8 |
| Robert E. Willett Elementary School | public | K-6 | 1.40 mi | 10 |
| Marguerite Montgomery Elementary School | public | K-6 | 1.54 mi | 7 |
| Birch Lane Elementary School | public | K-6 | 1.58 mi | 8 |
| Ralph Waldo Emerson Junior High School | public | 7,8,9 | 1.84 mi | 7 |
| Patwin Elementary School | public | K-6 | 2.02 mi | 7 |
| Fred T. Korematsu Elementary School At Mace Ranch | public | K-6 | 2.26 mi | 7 |
| Frances Ellen Watkins Harper Junior High School | public | 7,8,9 | 2.70 mi | 6 |
| Pioneer Elementary School | public | K-6 | 3.26 mi | 10 |
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This listing information is up-to-date as of April 23, 2026. For the most current information, please contact Ciana Wallace, (530) 902-4262.