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24251913
24251914

1666 Da Vinci Ct, Davis, CA 95618 For Sale

Marcus & Millichap - Sacramento
Listed by Marcus & Millichap - Sacramento
$16,200,000
391 days on market
Updated 77 days ago

Davinci Apartments

Details
Property Type Multifamily
Sub Type Student Housing
Net Rentable (SqFt) 108,464
Units 51
Cap Rate 6.00%
NOI $1,019,218
Occupancy 100%
Pro-Forma NOI $1,255,438
Class A
Year Built 2005
Buildings 4
Stories 4
Acreage 2.460
Investment Type Stabilized
Occupancy Date 06/25/2025
Ownership Fee Simple

Great Opportunity to purchase a 2005 Construction, 51 Unit Building at a 6 CAP in Davis.

Marketing description

PRIME LOCATION:

Situated within biking distance to UC Davis, making it an ideal residence for students

and faculty alike.

SPACIOUS LIVING:

Offers predominantly 4-bedroom units, perfect for groups or families seeking ample

space and comfort.

MODERN CONSTRUCTION:

Built post-2000, ensuring contemporary design, high-quality materials, and energyefficient

features for reduced utility costs.

COMMUNITY AMENITIES:

Enjoy on-site amenities such as a fitness center, recreational areas, and secure bike

storage to promote an active lifestyle.

PROXIMITY TO LOCAL AMENITIES:

Convenient access to shopping, dining, and parks, enhancing the community living

experience.

WELL-MAINTAINED GROUNDS:

Beautifully landscaped outdoor spaces encourage relaxation and socialization amongst

residents.

SUSTAINABLE FEATURES:

Incorporates eco-f riendly elements such as energy-efficient appliances and sustainable

building practices.

PARKING AVAILABILITY:

Offers ample parking options for residents and guests, accommodating the needs of

multiple occupants.

STRONG RENTAL DEMAND:

Positioned in a highly desirable area with

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 operat

Listing Contacts

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

Valuation Calculator

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

Valuation Metrics

0
DSCR
6.29%
Cap Rate
6.29%
ROI

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