240 2nd St

6,592 Sq. Ft.
$409 / Sq. Ft.
6,592
Sq. Ft.
$409
per Sq. Ft.

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...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.
  1. Listed by Ciana Wallace • DRE #01309577 • RE/MAX Gold, Good Home Group
    P: (530)-902-4262 realestate@ciana.com

Property Details for 240 2nd Street

Parking Features
Open, Uncovered
Zoning
P-D
LISTING UPDATED: 04/28/2026 10:49 AM

Property Details for 240 2nd Street

StatusActive
MLS #226048142
Days on Compass20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1964
Lot Size0.24 AC / 10,249 SF
CountyYolo County

Location

Listing Courtesy of RE/MAX Gold, Good Home Group, Ciana Wallace, DRE #01309577
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Building Information for 240 2nd Street

Stories2Residences8Year Built1964Building Size-Lot Size0.24 AC / 10,249 SF

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Principal and Interest

$13,571

Property Taxes

$1,889

HOA Dues

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Property Information for 240 2nd Street

Summary
Location and General Information
  • Area/District: 11401
  • Area Short Display: 11401
  • Cross Street: B Street
  • City: Davis
  • County: Yolo
  • State: CA
  • Zip Code: 95616
  • Topography: Level,Level
  • Directions to Property: From I-80 East, take the Richards Blvd exit. Turn right onto Richards Blvd, left onto 1st Street, right onto B Street, then left onto 2nd Street. Property is located at the second driveway on the left.
Taxes and HOA Information
  • APN: 070-066-004-000
  • License Fee: $.00
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: 1.10%
  • Association: false
  • Association Fee: $.00
School Information
  • School District (County): Yolo
  • Elementary School District: Davis Unified
  • Middle or Junior School District: Davis Unified
  • Senior High School District: Davis Unified
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Total Parking Spaces: 8
  • Tandem Parking Spaces: 3
  • Open Parking Spaces: 0
  • Parking Fee $: 0.0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 0.0
  • Year Built Source: Assessor Auto-Fill
  • Minimum Bldg SqFt: 0.0
  • # of Lots: 0
  • Lot Size Acres: 0.2353
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 10250.0
  • Lot Size Dimensions: 100 x 102.5
  • Lot Features: Curb(s), Shape Regular, Curbs/Gutters, Sidewalk
Property and Assessments
  • Home Warranty: false
  • Irrigation: Meter on Site
  • Year Built: 1964
  • Picture Count: 56
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Units Furnished: None
  • Property Disclaimer: All data, photos, visualizations and information regarding a property, including all measurements and calculations of area, has been obtained from various sources and has not been, and will not be verified by the listing broker, except as required by the MLS Rules, or MLS. Information on this website may be from sources other than broker, sellers and/or MLS, may include information generated using artificial intelligence, digitally altered photographs or images, and is not guaranteed as complete, accurate or reliable. All data, photos, visualizations and information regarding a property is provided “AS IS” and without any warranty, express or implied, and should be independently reviewed and verified for accuracy.
  • Census Tract: 107.01
  • Actual or Scheduled: Actual
Green Features
  • Green Verification Year: 0
Utilities
  • Sewer: Public Sewer
  • Utilities: City, Sewer In & Connected
  • Water Source: Meter on Site, Public
Interior and Exterior Features
Exterior Features
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 1
  • Construction Materials: Frame
  • Foundation: Slab
  • Stories: 2
  • Levels: Two
  • Patio And Porch Features: Balcony/Deck
  • Window Features: Dual Pane Partial
  • Horse Property: false
  • Pool: false
  • Roof: Flat, Other
  • Senior Community: false
Interior Features
  • Heating: Central
  • Appliances: Dishwasher, Microwave, Free Standing Electric Oven
  • Laundry Features: In Common Area, Washer/Dryer Owned, Laundry Closet, Washer/Dryer Hookups
  • Spa: false
  • # of Fireplaces: 0
  • Cooling: Central
  • Flooring: Tile, Wood, Luxury Vinyl Plank
  • Entry Level: 0
  • Possible Bedrooms: 0.0
  • Bedrooms: 0
  • Bathrooms: 0.0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • 2 Bedroom Rent Range: $2095-$2295
  • # of 2 Bedroom Units: 8
  • 2 Bedroom Annual Occupancy: 100.00%
  • # of 2 Bedrooms Occupied: 8
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # of Units: 8
  • # Of Units Total: 8
  • Num of Units: 8
Multi-Family Additional Information
  • 2nd Unit Approx SqFt: 0.0
  • 2nd Unit Rents for: $.00
  • 2nd Unit Bedrooms: 0.0
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Lease Term: 12 Months
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent Source: Rental
  • Unit 1 Rent: $2,295.00
  • Unit 1 Approx SqFt: 800.0
  • Unit 1 SqFt Source: Not Measured
  • Unit 1 # of Rooms: 3
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Lease Term: 12 Months
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent Source: Rental
  • Unit 2 Rent: $2,295.00
  • Unit 2 Approx SqFt: 800.0
  • Unit 2 SqFt Source: Not Measured
  • Unit 2 # of Rooms: 3
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 Lease Term: 12 Months
  • Unit 3 Occupancy: Tenant
  • Unit 3 Rent Source: Rental
  • Unit 3 Rent: $2,295.00
  • Unit 3 Approx SqFt: 800.0
  • Unit 3 SqFt Source: Not Measured
  • Unit 3 # of Rooms: 3
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 2
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 Lease Term: 12 Months
  • Unit 4 Occupancy: Tenant
  • Unit 4 Rent Source: Rental
  • Unit 4 Rent: $2,295.00
  • Unit 4 Approx SqFt: 800.0
  • Unit 4 SqFt Source: Not Measured
  • Unit 4 # of Rooms: 3
  • Unit 4 Type: Apartment
Mobile/Manufactured Home
  • Width: 0.0
  • Length: 0.0
  • Berth Size Length: 0.0
  • Berth Size Width: 0.0
Income & Expenses
  • Income Includes: Rent Only
  • Operating Expense Includes: Property Tax, Rent/Lease, Repairs, Insurance, Trash, Maintenance Grounds, Utilities, Water/Sewer
Rental
Rent Information
  • Land Lease: false
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Gas

Property History for 240 2nd Street

DateEvent & SourcePriceAppreciation
Apr 20, 2026

Listed (Active)

METROLIST #226048142

$2,695,000
DateEvent & SourcePrice
04/20/2026

Listed (Active)

METROLIST #226048142

$2,695,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 240 2nd Street

Taxable ValueLand$444,130Additions$1,359,617Total$1,803,747
Tax Record2025$22,666 ($1,889 / month)
Home Facts
Baths1Total Finished SqFt6,592 SqFtAbove Grade Finished SqFt6,592 SqFtStories2Lot Size10,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningP-DCountyYOLOAPN070-066-004-000

Schools near 240 2nd Street

This home is within Davis Joint Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 9
Public - 10 to 12
Public - K to 12
Rating
School
Distance
North Davis Elementary School
PublicK to 6

Oliver Wendell Holmes Junior High School
Public7 to 9

Davis Senior High School
Public10 to 12

Davis School For Independent Study
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

240 2nd Street is a multi-family home for sale in Davis, CA 95616. This property was listed for sale on April 20, 2026 by RE/MAX Gold, Good Home Group, it's currently listed at $2,695,000. This listing's school district is Davis Joint Unified School District. Nearby schools include North Davis Elementary School, Oliver Wendell Holmes Junior High School and Davis Senior High School. 240 2nd Street is a 8-bed, 4-bath, 6,592 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Gold, Good Home Group, Ciana Wallace, DRE #01309577

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