Davis, CA 95616,1422 Drake DR
Davis, CA 95616,1422 Drake DR
Davis, CA 95616,1422 Drake DR
22
$1,500,000
$1,535,000
2.3%
Est.Price: ?

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8,525 Sqft Lot

1422 Drake DR Davis, CA 95616

Est. payment /mo
SOLD DATE : 08/19/2022

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Key Details

Sold Price $1,500,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 222092828

Year Built 1969

Lot Size 8,525 Sqft

Property Description

1422 Drake Dr is an opportunity to acquire (4) units comprised of two and three bedroom townhouse style floor plans in Davis, CA, one of the strongest rental markets in the country. The property is comprised of (2) three-bedroom one and one-half-bathroom townhouses and (2) two-bedroom one-bathroom townhouses, all boasting size-able square footage. The property has undergone recent improvements including new dual pane windows, HVAC, & hot water heaters. This opportunity presents the savvy investor with the infrequent opportunity to own in a market with low transaction velocity, strict inventory growth restrictions imposed by the city, and high demand from the ever increasing enrollment at UC Davis resulting in less than 2% average vacancy through the last decade.

Location

State CA

County Yolo

Area 11401

Interior

Heating Central, Hot Water

Cooling Central

Flooring Carpet, Simulated Wood, Tile

Laundry In Common Area

Exterior

Garage Off Street, Guest Parking Available

Utilities Available Other

Roof Type Flat

Building

Lot Description Curbs/Gutters

Story 2

Foundation Slab

Sewer Other

Water Other

Schools

Elementary Schools Davis Unified

Middle Schools Davis Unified

High Schools Davis Unified

School District Yolo

Others

Special Listing Condition Offer As Is

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MetroList® Services, Inc (RESO)
Listed by ALIVE Commercial Real Estate
Bought with Lyon RE Davis

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Jeff Barnhart

Realtor | License ID: 01495886

+1(916) 251-6778

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