1320 Locust Pl, Davis, CA 95618

$875,000 Asking Price

5 beds
5 baths
2,684  sqft
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!


Features & Amenities

Interior

Rooms:
Bedroom(s),Dining Room,Master Bedroom,Full Bath(s),Kitchen,Street Entrance
Kitchen:
Kitchen/Family Combo,Laminate Counter
Appliances:
Free Standing Refrigerator,Free Standing Electric Oven,Free Standing Electric Range
Dining:
Dining/Living Combo
Living Room:
Other
Laundry:
Dryer Included,Washer Included,Inside Area
Flooring:
Carpet,Laminate,Wood
A/C:
Ceiling Fan(s),Central,Wall Unit(s)
Heating:
Central,Fireplace(s),Wall Furnace
Fireplace:
Brick, Fireplaces: 1

Exterior

Parking:
No Garage,Uncovered Parking Spaces 2+, Parking spaces: 0

Construction

Roofing:
Composition
General:
Frame,Wood, Combination, Raised, Slab

Location

HOA Amenities:
0.0
Originating MLS:
MLS Metrolist
School District:
Yolo
County:
Yolo

Lot

Zoning:
032-322-028-000

Utilities

Utilities:
Public, 220 Volts in Laundry
Water:
Public
Sewer:
Public Sewer

Financial

Source:
MLS Metrolist

This listing courtesy of:
Lyon RE Davis, Tanner P Mohr

About Davis, CA

Housing

Number of Units
29,169
Median Home Value
$706,988
Median Rent
$1,581

57.19% of housing units are renter occupied.

5.70% are vacant.

Commute

Car
37.97%
Public Transportation
5.71%
Walk to Work
2.88%
Work from Home
42.29%
Other
0.20%

The median travel time to work is 13 minutes.

People

Population
76,865
Median Age
28.60
Median Household Size
2.91

Education

High School
7.42%
Associate’s Degree
4.86%
Bachelor’s Degree
33.19%
Graduate Degree
39.08%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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