828 D Street, Davis, CA 95616

Property Description

The Heitzeberg Group of Marcus & Millichap is pleased to present 828 D Street Apartments (the Davis Bungalows), an 8-unit multifamily community located in the heart of Davis, California. Built in 1964 and comprehensively renovated in 2023-2024, this well-maintained asset offers investors the opportunity to acquire a stabilized, income-producing property in one of Northern California's most supply-constrained rental markets, anchored by the University of California, Davis. The Davis Bungalows consist of a diverse unit mix, including four 1-bedroom/1 bathroom units averaging 600 square feet, three 2-bedroom/1-bathroom units averaging 850 square feet, and one 3-bedroom/2-bathroom unit spanning 1,100 square feet, totaling 6,050 rentable square feet on a 12,632 square-foot lot. This range of unit types allows the property to serve a broad spectrum of renters from single UC Davis graduate students and staff to small families while supporting stable occupancy, currently running at 96.5%, and consistent demand.