Seller's Agent in 2023
Tuan Nguyen
KW Sac Metro
(916) 798-5798
1 in this area
16 Total Sales
525 I St Davis, CA 95616
Central Davis Neighborhood
Studio
--
Bath
--
Sq Ft
0.75
Acres
Highlights
- Private Pool
- Downtown View
- Traditional Architecture
- North Davis Elementary School Rated A
- 0.75 Acre Lot
- Wood Flooring
About This Home
As of December 2023KW Commercial is pleased to present Camellia Apartments, a remarkable investment opportunity, a 30-unit apartment complex located in the vibrant city of Davis, California. This meticulously maintained property offers an exceptional mix of comfort, convenience, and potential for investors seeking long-term returns. This offering presents an exceptional opportunity to acquire a well-positioned and well-maintained apartment complex in one of California's most sought-after cities. Whether you're an experienced investor looking to expand your portfolio or a newcomer seeking a lucrative investment in the thriving Davis market, this 30-unit apartment complex is an opportunity not to be missed.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $74,161
Year Built
- Built in 1962
Lot Details
- 0.75 Acre Lot
- Landscaped
- Sprinklers on Timer
Home Design
- Traditional Architecture
- Concrete Foundation
- Slab Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 2-Story Property
- Double Pane Windows
- Downtown Views
- Free-Standing Electric Range
Flooring
- Wood
- Carpet
- Laminate
- Tile
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 31 Parking Spaces
- On-Street Parking
- Open Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Wall Furnace
- Mini Split Heat Pump
- Natural Gas Connected
- High Speed Internet
- Cable TV Available
Additional Features
- Energy-Efficient Exposure or Shade
- Private Pool
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 070-341-005-000
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 30 Units
Amenities
- Coin Laundry
Building Details
- 30 Leased Units
- 3 Vacant Units
- 28 Units Leased Month-To-Month
- Insurance Expense $22,844
- Maintenance Expense $18,517
- Other Expense $28,934
- Professional Management Expense $34,720
- Operating Expense $31,500
- Net Operating Income $310,720
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2023 12/15/23 | Sold | $6,550,000 | -3.7% | -- |
| 10/02/2023 10/02/23 | Pending | -- | -- | -- |
| 09/25/2023 09/25/23 | For Sale | $6,800,000 | -- | -- |
Source: MetroList
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $81,922 | $6,753,870 | $816,000 | $5,937,870 |
| 2023 | $81,922 | $2,582,471 | $513,975 | $2,068,496 |
| 2022 | $36,796 | $2,524,440 | $503,898 | $2,020,542 |
| 2021 | $36,014 | $2,477,741 | $494,018 | $1,983,723 |
| 2020 | $35,474 | $2,460,651 | $488,953 | $1,971,698 |
| 2019 | $34,467 | $2,402,303 | $479,366 | $1,922,937 |
| 2018 | $32,231 | $2,353,855 | $469,967 | $1,883,888 |
| 2017 | $31,727 | $2,323,171 | $460,752 | $1,862,419 |
| 2016 | $35,276 | $2,272,040 | $451,718 | $1,820,322 |
| 2015 | $34,248 | $2,249,231 | $444,933 | $1,804,298 |
| 2014 | $34,248 | $2,209,917 | $436,218 | $1,773,699 |
Source: Public Records
Agents Affiliated with this Home
-
Tuan Nguyen
-
David Macko
Buyer's Agent in 2023
David Macko
Nor Cal Commercial Real Estate
(916) 715-8527
2 in this area
21 Total Sales
Map
Source: MetroList
MLS Number: 223093658
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