240 2nd St, Davis, CA 95616
SOLD
JUN 2, 2026

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 $15,246/mo*

$2,600,000

Last Sold: Jun 2, 2026
4% below list $2.69M
$394/sqft
Est. Refi. Payment $15,246/mo*
16 Beds
4 Baths
6,592 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 02, 2026

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$394/sqft
Listed
59 days ago

Home Details for 240 2nd St

Active Status

MLS Status: Closed

Interior Features

Beds & Baths
Number of Bedrooms: 16Number of Bathrooms: 4Number of Bathrooms (full): 4
Dimensions and Layout
Living Area: 6592 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Microwave, Free-Standing Electric OvenDishwasherMicrowave
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

Exterior Features

Exterior Home Features
Roof: Flat Other
Parking & Garage
No CarportNo Attached GarageHas Open ParkingParking Spaces: 8Parking: Open,Uncovered

Property Information

Year Built
Year Built: 1964
Property Type / Style
Property Type: Residential IncomeProperty Subtype: 5 or More Units
Building
Construction Materials: Frame

Price & Status

Price
List Price: $2,695,000Price Per Sqft: $394/sqftPrice Range: $2,600,000 - $2,695,000

Location

Direction & Address
City: Davis

HOA

Association for this Listing: MetroList Services, Inc.

Lot Information

Lot Area: 10249.668 sqft

Listing Info

Special Conditions: Standard

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

Are Units Furnished: None

Miscellaneous

Mls Number: 226048142
Last check for updates: about 20 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

DatePriceEventSource
06/02/2026$2,600,000Sold
MetroList Services of CA #226048142
05/27/2026$2,695,000PendingMetroList Services of CA #226048142
04/23/2026$2,695,000Listed For SaleMetroList Services of CA #226048142

Market trends in Davis

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$755K
$43K
MoM
Sale-to-List Price
100.0%
0.7%
MoM
Price per sq ft
$478
$27
MoM
Available listings
149
10
MoM
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Homeowner tools

Estimated monthly rent$2,351/mo

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
1.19
Multi-Family Home
$900,000
07/11/25
6
4
3,450
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
1.43
Multi-Family Home
$905,000
05/04/26
4
2
1,836

Nearby homes

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Assigned Schools

These are the assigned schools for 240 2nd St.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 240 2nd St

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Off Market Homes Near 240 2nd St

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240 2nd St, Davis, CA 95616 is a 16 bedroom, 4 bathroom, 6,592 sqft multi-family built in 1964. 240 2nd St is located in University Avenue, Davis. This property is not currently available for sale. 240 2nd St was last sold on Jun 2, 2026 for $2,600,000 (4% lower than the asking price of $2,695,000). The current Trulia Estimate for 240 2nd St is $2,599,500.