| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 57th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1666 Da Vinci Ct, Davis, CA, 95618, US |
| Region / Metro | Davis |
| Year of Construction | 2005 |
| Units | 51 |
| Transaction Date | 2014-01-02 |
| Transaction Price | $10,800,000 |
| Buyer | Tilden-Davinci LLC |
| Seller | Yolo Boundary |
1666 Da Vinci Ct Davis Multifamily Investment
This 51-unit property built in 2005 sits in a neighborhood ranking in the top quartile nationally for housing metrics, with strong rental demand supported by a 63.9% renter-occupied housing base according to CRE market data from WDSuite.
The property is located in an Urban Core neighborhood that ranks 105th among 561 metro neighborhoods, earning an A- rating with particularly strong housing fundamentals. Built in 2005, this asset aligns with the neighborhood's relatively newer construction profile, with an average construction year of 1993 that ranks in the 75th percentile nationally, suggesting reduced near-term capital expenditure needs compared to older multifamily stock.
Rental demand dynamics favor multifamily operators, with 63.9% of housing units renter-occupied—ranking in the 95th percentile nationally and indicating exceptional rental market depth. Median home values of $842,681 represent a 36% five-year increase and rank in the 96th percentile nationally, while the value-to-income ratio of 13.3 ranks in the 99th percentile, suggesting elevated ownership costs sustain strong rental demand and limit tenant migration to homeownership.
Demographics within a 3-mile radius show a substantial renter base with 57,218 residents, dominated by a young adult population where 52% are aged 18-34. The area demonstrates income diversity supporting various rent levels, with median household income of $91,774 and 32.1% of households earning above $100,000. Forward-looking projections indicate household growth of 32.1% over the next five years, expanding the potential tenant pool and supporting occupancy stability.
Neighborhood occupancy rates of 92.3% provide a stable operating environment, though this metric ranks in the middle range among metro neighborhoods. The area offers solid amenity access with grocery stores ranking in the 86th percentile nationally and childcare facilities in the 85th percentile, supporting tenant retention through convenience factors that appeal to working families and young professionals.
Safety metrics present a mixed profile requiring ongoing management attention. Property crime rates rank 383rd among 561 metro neighborhoods, placing the area in the lower quartile locally, though recent trends show an 11.1% year-over-year decrease in property offenses. Violent crime rates demonstrate more favorable positioning, with incidents declining 43.5% over the past year and ranking in the 83rd percentile nationally for improvement trends.
The neighborhood's overall crime ranking of 277th among 561 metro areas places it near the median for the Sacramento region. While not among the safest neighborhoods, the improving trajectory in both violent and property crime categories suggests stabilizing conditions that support tenant retention and property management operations.
The Davis area benefits from proximity to established corporate employers that provide workforce housing demand, with several major companies within reasonable commuting distance supporting tenant stability.
- Xerox State Healthcare — healthcare services (10.1 miles)
- International Paper — manufacturing and distribution (10.6 miles)
- Cardinal Health — healthcare distribution (15.1 miles)
- DISH Network Distribution Center — telecommunications distribution (18.8 miles)
This Davis multifamily property presents a compelling investment opportunity anchored by exceptional rental market fundamentals and demographic tailwinds. The neighborhood's 95th percentile national ranking for renter-occupied housing share creates deep tenant demand, while elevated home values ranking in the 96th percentile nationally reinforce rental housing reliance. According to multifamily property research from WDSuite, the area's strong educational attainment—with 32.8% holding bachelor's degrees—supports income stability and lease retention among the professional tenant base.
Forward-looking demographics indicate substantial household formation, with 32.1% growth projected over five years alongside median income increases of 27.7%, expanding both the tenant pool and rent-paying capacity. The 2005 construction year positions the asset competitively within the neighborhood's newer building stock while avoiding the higher capital expenditure needs of older properties. Net operating income averaging $13,249 per unit ranks in the 91st percentile nationally, demonstrating the market's ability to generate strong cash flows.
- Exceptional rental demand with 63.9% renter-occupied housing ranking 95th percentile nationally
- Strong demographic growth with 32.1% household formation projected over five years
- High-income tenant base with 32.1% of households earning above $100,000
- Above-average NOI performance at $13,249 per unit ranking 91st percentile nationally
- Property crime trends improving with 11.1% year-over-year decrease requiring ongoing security management