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$3,895,000
Est. payment /mo
0.46 Acres Lot
OPEN HOUSE
Thu May 01, 12:00pm - 3:00pm
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82003561
HOA Y/N No
Year Built 1960
Annual Tax Amount $40,950
Lot Size 0.462 Acres
Property Description
Marcus & Millichap is pleased to present the Orange Tree Apartments located at 311 7th St, an impeccably maintained apartment community in the desirable college town of Davis, California. Located just minutes from UC Davis, this multifamily investment offers an attractive mix of eight one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, providing a well-balanced portfolio for stable rental income. Additionally, the property has undergone significant capital improvements including reinforced foundation, bathroom window replacements, new entrance door, newly paved parking lot, electrical work, and both front and back yard relandscaping. This property presents a valuable investment opportunity in one of the Central Valley's strongest rental markets, with functional advantages over neighboring properties and substantial value-add potential. Its prime location offers residents an easy 3-minute commute to UC Davis, while Sacramento City College and California State University, Sacramento, are just a short drive away. Several public and private schools are also conveniently nearby, making it a sought-after rental option for students and families alike.
Location
State CA
County Yolo
Area 699 - Not Defined
Zoning R-3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 16
Building
Water Public
Schools
School District Davis Joint Unified
Others
Tax ID 070152013000
Special Listing Condition Standard
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Listed by Andres Lopez • Marcus & Millichap