240 2nd St
Davis, CA 95616
University Avenue- 16 Beds
- 4 Baths
- 6,592 sqft
$2,600,000
Last Sold: Jun 2, 2026
4% below list $2.69M
$394/sqft
Est. Refi. Payment $15,627/mo*
$2,600,000
Last Sold: Jun 2, 2026
4% below list $2.69M
$394/sqft
Est. Refi. Payment $15,627/mo*
16 Beds
4 Baths
6,592 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1964
Living Area
6,592 sqft
Price/Sqft
$394/sqft
Parking
0 Open Spaces
HOA
None
About this House
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.
240 2nd St, Davis, CA 95616 is a 16 bedroom, 4 bathroom, 6,592 sqft multi-family in University Avenue, built in 1964. It last sold for $2,600,000 on Jun 2, 2026 (4% below the $2,695,000 asking price). It is currently off market. The Trulia Estimate is $2,569,700, with a rent estimate of $1,752/month.
Home Details for 240 2nd St
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MLS Status: Closed |
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Beds & Baths Number of Bedrooms: 16Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Dimensions and Layout Living Area: 6592 Square Feet |
Appliances & Utilities Utilities: City, Sewer In & ConnectedAppliances: Dishwasher, Microwave, Free-Standing Electric OvenDishwasherLaundry: Common Area,Laundry Closet,Washer/Dryer HookupsMicrowave |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Tile, Wood, Luxury Vinyl Plank |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Tile, Wood, Luxury Vinyl Plank |
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Exterior Home Features Roof: Flat OtherFoundation: Slab |
Parking & Garage No CarportNo Attached GarageHas Open ParkingParking Spaces: 8Parking: Open,Uncovered |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Topography: Level, Level |
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Year Built Year Built: 1964 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: 5 or More Units |
Building Construction Materials: FrameAttached To Another Structure |
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Price List Price: $2,695,000Price Per Sqft: $394/sqftPrice Range: $2,600,000 - $2,695,000 |
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Direction & Address City: Davis |
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Association for this Listing: MetroList Services, Inc. |
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Lot Area: 10249.668 sqft |
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Special Conditions: Standard |
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Mobile Home Park Mobile Home Units: Feet |
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Expense Tenant Pays: Electricity, Gas |
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Are Units Furnished: None |
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Mls Number: 226048142 |
Last check for updates: about 5 hours ago
Listed by Ciana Wallace DRE #01309577, (530) 902-4262
RE/MAX Gold, Good Home Group
Bought with: Ciana Wallace DRE #01309577, (530) 902-4262, RE/MAX Gold, Good Home Group
Originating MLS: MetroList Services, Inc.
Source: MetroList Services of CA, MLS#226048142
Price History for 240 2nd St
| Date | Price | Event | Source |
|---|---|---|---|
| 06/02/2026 | $2,600,000 | Sold | MetroList Services of CA #226048142 |
| 05/27/2026 | $2,695,000 | Pending | MetroList Services of CA #226048142 |
| 04/23/2026 | $2,695,000 | Listed For Sale | MetroList Services of CA #226048142 |
Market trends in Davis
Last updated June 2026
Avg. sale price
$819K
$63.5KMoM
Sale-to-List Price
100.0%
Price per sq ft
$477
$1MoM
Available listings
131
18MoM
Comparable Sales for 240 2nd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.76 | Multi-Family Home | $800,000 | 11/18/25 | 4 | 2 | 2,050 | |
0.70 | Multi-Family Home | $840,000 | 07/31/26 | 3 | 2 | 1,711 | |
1.01 | Multi-Family Home | $755,000 | 06/24/26 | 4 | 2 | 1,715 | |
1.51 | Multi-Family Home | $1,130,000 | 08/29/25 | 5 | 3 | 2,286 | |
1.58 | Multi-Family Home | $1,051,000 | 02/20/26 | 6 | 6 | 2,856 |
Nearby homes
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