4851 Cowell Blvd - Apartments FOR SALE


Davis, CA 95618- Macero Del Norte
$1,345,000 USD
916-532-7486
4851 Cowell Blvd, Davis, CA for Sale
$1,345,000 USD
Apartments - FOR SALE
1/2
null | 4.5% Cap Rate

4851 Cowell Blvd
Davis, CA 95618
Macero Del Norte


OVERVIEW

Introducing 4851 Cowell Blvd, a newly listed 4-unit multifamily property in the sought-after El Macero neighborhood of South Davis, CA. This beautifully renovated property, both inside and out, sits on a spacious 0.24-acre lot, presenting a prime investment opportunity. With three of the four units currently below market rent, the next buyer can easily increase income by bringing those rents in line with Davis's competitive market rates. Beyond that, the large lot offers exciting potential. Buyers have the chance to confirm with the City of Davis the ability to develop additional units, leveraging California's new statewide ADU bill. Tenants enjoy the property's prime South Davis location and its tastefully updated features, making this a turnkey asset with room to grow.

FOR SALE DETAILS

PRICE

$1,345,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

4

PRICE/UNIT

$336,250

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,087 SF

ZONING

R3M, Davis

APN/PARCEL ID

068-071-003-000

ASK ABOUT THIS PROPERTY

Kenny McNinchReimer Real Estate Inc.More Info
916-532-7486

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Kenny McNinchReimer Real Estate Inc.More Info
916-532-7486

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.