1320 Locust Place, Davis, CA 95618
- $875,000
- 5
- BD
- 5
- Full Baths
- 2,684
- SqFt
- List Price
- $875,000
- MLS#
- 224042092
- Status
- ACTIVE
- Type
- Single Family Residential
- Bedrooms
- 5
- Bathrooms
- 5
- Living Area
- 2,684
Property Description
Unique ownership opportunity! Current owner took an original Stanley Davis Marin floor plan home and built it up into a 5 bed / 5 bath 2,600+ square foot property which has served as a strong investment for his family for many years. Each bedroom has its own associated bathroom and is currently rented on a month to month basis by the bedroom - rents currently totaling $3,700/mo. Based on current rental comps, I believe the rent collected is at least 10%+ below market. Vacancy has never been an issue, multiple tenants having lived in the property for 3+ years. The nature of this unique property and lease configuration leaves opportunity for creative investors to maximize returns. Come take a look for yourself!
Additional Information
- Year Built
- 1967
- Sewer
- Public Sewer
- Garage
- No Garage, Uncovered Parking Spaces 2+
Mortgage Calculator
Courtesy of Lyon RE Davis, .
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