Active
1320 Locust Place
Davis CA, 95618
$875,000
$326.01 per sqft
Active
5 Beds
5 Baths
2,684 sqft
Residential
Built in 1967
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!
224042092
MLSⓇ ID
April 25, 2024
Updated
Map
1320 Locust Place
Davis CA, 95618
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
5
Interior Features
Carpet, Laminate, Wood
Appliances
Electric Oven
Floor Description
Carpet, Laminate, Wood
Fireplace
Yes
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.16 Acres
Lot Features
Cul-De-Sac
Roof
Composition
Sewer
Public Sewer
School Information
School District
Davis Unified
Other Property Details
Area Name
11403
Garage
No
Parking
Paved
View
No
County
Yolo
Water Source
Public
Pool
No
Zoning
R-1
Buyer Agency Compensation
2.5%
Courtesy of Lyon RE Davis, Tanner Mohr,
Listing Contact:
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