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
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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
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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 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 |
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Exterior Home Features Roof: Flat Other |
Parking & Garage No CarportNo Attached GarageHas Open ParkingParking Spaces: 8Parking: Open,Uncovered |
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Year Built Year Built: 1964 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: 5 or More Units |
Building Construction Materials: Frame |
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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 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
| 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 May 2026
Avg. sale price
$755K
$43KMoM
Sale-to-List Price
100.0%
0.7%MoM
Price per sq ft
$478
$27MoM
Available listings
149
10MoM
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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Homes for sale near 240 2nd St
Off Market Homes Near 240 2nd St
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.