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24172142
24172143

1666 Davinci Court, Davis, CA 95618

Marcus & Millichap - Sacramento
Listed by Marcus & Millichap - Sacramento
$16,200,000
363 days on market
Updated 50 days ago

Davinci Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 61,856
Units 51
Cap Rate 6.00%
NOI $1,019,218
Occupancy 95%
Pro-Forma Cap Rate 7.38%
Pro-Forma NOI $1,255,438
Price per SqFt $275
Class A
Year Built 2005
Buildings 3
Stories 4
Acreage 2.490
Ownership Fee Simple

2005 Construction, REAL 6% CAP Rate in DAVIS CA.

Marketing description

As capital to the largest U.S. state economy, the Sacramento-Roseville Arden-Arcade metro is a hub of public and private sector activity. Two major universities foster an educated workforce that draws new companies to the market. New job opportunities, in turn, foster population growth as more households seek residential options in less dense areas. Lying in the middle of the 450-mile-long Central Valley, the metro is comprised of four counties: Sacramento, El Dorado, Placer and Yolo. More than 2.4 million people call the area home, and unlike the nearby Bay Area, Sacramento is seismically quiet, making it an ideal location for data centers and cloud computing storage. The city of Sacramento is the most populous, at approximately 510,000 residents, followed by Elk Grove and Roseville.

Investment highlights

Stabilized 51-unit asset in Davis, CA with strong in-place income and a 5.97% cap rate, built in 2005 with modern construction and low maintenance.

Located near UC Davis, a top-tier research university driving consistent rental demand and long-term economic stability.

Priced at $17M with upside potential through rent growth and operational efficiencies in a high-demand, low-vacancy market.

Listing Contacts

Marcus & Millichap - Sacramento
Listed by Marcus & Millichap - Sacramento

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,019,218.00
$84,934.83/mo

Valuation Metrics

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DSCR
6.29%
Cap Rate
6.29%
ROI

Map

Zoning

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PD-4-03 PlannedPlanned Development
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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