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Davinci Apartments 1666 Da Vinci Ct 51 Unité Immeuble d’appartements 22 092 824 $ CAD (433 193 $ CAD/Unité) 5,72% Taux de capitalisation Davis, CA 95618
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 2005 Construction
- Easy 5 minute bike ride to Campus
- Great Unit Make Up, 31 4 Bedroom Units!
- New product, strong location, impossible to replace product
Résumé de l'annonce
DaVinci Apartments presents a rare opportunity to acquire a well-located, purpose built multifamily asset in one of California’s most supply-constrained and stable rental
markets. Constructed in 2005, the property consists of 51 total units with a desirable mix of 31 four-bedroom units, 4 three-bedroom units, 8 two-bedroom units, and 8 studios.
This mix is ideally suited to serve the continually growing student population of UC Davis as well as the broader Davis rental community.
Strategically positioned just a five-minute bike ride from the UC Davis campus, DaVinci Apartments benefits f rom strong year-round demand, exceptional access to transit and bike paths, and proximity to the retail, dining, and cultural amenities of downtown Davis. Davis is a highly livable, sustainability-focused city of approximately 67,000 residents, well known for its top-tier university and for having one of the most bike-friendly infrastructures in the nation.
The University of California, Davis enrolls nearly 40,000 students annually, with year over-year application growth indicating continued enrollment increases. This consistent
student influx supports long-term occupancy and rental growth. The city’s current apartment vacancy rate is approximately 4.2%, a clear indication of sustained rental demand and tight market conditions.
The property is currently operating at a cap rate of 5.72% with a projected pro forma cap rate approaching 7.0%, driven by opportunities to bring rents to market levels, introduce utility bill-backs, and enhance operational efficiency. With an average unit rent near $2,400 and occupancy above 98%, the asset is well-positioned for both immediate cash flow and long-term value appreciation.
The new owner could also benefit f rom the fact that 33% of the property faces an income restriction to get a reduction on Property Taxes for the property. The restriction is at 60 and 80% of Median Income, allowing the owner to rent at virtually market rents, while still taking advantage of the property tax abetment possibilities.
DaVinci Apartments combines stable in-place income with clear upside potential in a supply-restricted and academically anchored market. Its prime location, modern construction, and diversified unit mix make it an ideal investment for both core-plus and value-add multifamily investors seeking durable returns in a premier university setting.
markets. Constructed in 2005, the property consists of 51 total units with a desirable mix of 31 four-bedroom units, 4 three-bedroom units, 8 two-bedroom units, and 8 studios.
This mix is ideally suited to serve the continually growing student population of UC Davis as well as the broader Davis rental community.
Strategically positioned just a five-minute bike ride from the UC Davis campus, DaVinci Apartments benefits f rom strong year-round demand, exceptional access to transit and bike paths, and proximity to the retail, dining, and cultural amenities of downtown Davis. Davis is a highly livable, sustainability-focused city of approximately 67,000 residents, well known for its top-tier university and for having one of the most bike-friendly infrastructures in the nation.
The University of California, Davis enrolls nearly 40,000 students annually, with year over-year application growth indicating continued enrollment increases. This consistent
student influx supports long-term occupancy and rental growth. The city’s current apartment vacancy rate is approximately 4.2%, a clear indication of sustained rental demand and tight market conditions.
The property is currently operating at a cap rate of 5.72% with a projected pro forma cap rate approaching 7.0%, driven by opportunities to bring rents to market levels, introduce utility bill-backs, and enhance operational efficiency. With an average unit rent near $2,400 and occupancy above 98%, the asset is well-positioned for both immediate cash flow and long-term value appreciation.
The new owner could also benefit f rom the fact that 33% of the property faces an income restriction to get a reduction on Property Taxes for the property. The restriction is at 60 and 80% of Median Income, allowing the owner to rent at virtually market rents, while still taking advantage of the property tax abetment possibilities.
DaVinci Apartments combines stable in-place income with clear upside potential in a supply-restricted and academically anchored market. Its prime location, modern construction, and diversified unit mix make it an ideal investment for both core-plus and value-add multifamily investors seeking durable returns in a premier university setting.
Faits sur la propriété
| Prix | 22 092 824 $ CAD | Classe d’immeuble | A |
| Prix par unité | 433 193 $ CAD | Taille du lot | 2,48 AC |
| Type de vente | Investissement | Taille du bâtiment | 61 854 pi² |
| Taux de capitalisation | 5,72% | Occupation moyenne | 100% |
| Nombre d’unités | 51 | Nombre d’étages | 4 |
| Type de propriété | Immeuble residentiel | Année de construction | 2005 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,79/1 000 pi² |
| Style d’appartement | De hauteur moyenne | Numéro de lot | 910-011-478-000 |
| Zonage | I | ||
| Prix | 22 092 824 $ CAD |
| Prix par unité | 433 193 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,72% |
| Nombre d’unités | 51 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | A |
| Taille du lot | 2,48 AC |
| Taille du bâtiment | 61 854 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 4 |
| Année de construction | 2005 |
| Ratio de stationnement | 1,79/1 000 pi² |
| Zonage | I |
| Numéro de lot | 910-011-478-000 |
Commodités
Commodités des unités
- Climatisation
- Balcon
- Lave-vaisselle
- Micro-ondes
- Laveuse/Sécheuse
- Connexions pour laveuse/Sécheuse
- Chauffage
- Accès Internet à haute vitesse
- Réfrigérateur
- Vues
- Wi-Fi
- Accessible aux fauteuils roulants (chambres)
Commodités du site
- Accès 24 heures
- Centre d’affaires
- Accès contrôlé
- Clubhouse
- Centre de conditionnement physique
- Installations de lessive
- Espace de pique-nique
- Piscine
- Spa
- CVCA contrôlé par le locataire
- Grill
- Service d'emballage
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 8 | - | 531 |
| 2+2 | 8 | - | 922 |
| 3+2 | 4 | - | 1 181 |
| 4+2 | 31 | - | 1 486 |
Exceptionnellement adapté aux voitures
90/100
Plutôt accessible en vélo
40/100
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
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Davinci Apartments | 1666 Da Vinci Ct
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