| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 57th | Fair |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2120 Cowell Blvd, Davis, CA, 95618, US |
| Region / Metro | Davis |
| Year of Construction | 2001 |
| Units | 42 |
| Transaction Date | 2012-12-26 |
| Transaction Price | $17,544,000 |
| Buyer | Bridge-Oakshade LP |
| Seller | Oakshade Commons Apartments |
2120 Cowell Blvd, Davis CA Multifamily Investment
Renter demand is supported by a high-cost ownership market and an above-average renter concentration, according to WDSuite’s CRE market data. Expect steady leasing fundamentals, with pricing power tempered by local affordability pressure.
The property sits in an Urban Core neighborhood ranked 105 out of 561 within the Sacramento–Roseville–Folsom metro, placing it in the top quartile among metro neighborhoods. Livability is supported by solid everyday amenities: grocery and parks availability trend above national medians, while restaurants are competitive; cafes and pharmacies are thinner, suggesting residents rely on a smaller set of providers.
For investors, the tenure mix is a key strength: the share of housing units that are renter-occupied is high, indicating a deep tenant base and reinforcing demand for multifamily product. Neighborhood occupancy has been steady near recent norms and sits slightly above the national median; this supports income stability but still requires active leasing management in slower seasons.
Within a 3-mile radius, recent population growth and an increase in households signal a larger tenant pool, with forecasts pointing to continued household expansion alongside smaller average household sizes. That trend typically supports absorption of smaller formats and sustained renter pool expansion, benefiting lease-up resilience.
Ownership costs are elevated locally, with home values well above national benchmarks. This high-cost ownership market tends to sustain reliance on rental housing, aiding retention and supporting rent levels. Median school ratings are modestly above national averages, which can help broaden appeal to household renters without defining the submarket.
Vintage positioning matters: the building’s 2001 construction is newer than the neighborhood’s average 1993 stock, which can be advantageous versus older comparables; investors should still plan for selective system updates and modernization to maintain competitiveness.
Neighborhood safety trends are mixed but improving. The area’s overall crime rank sits near the metro median (277 out of 561 metro neighborhoods), and national standing is about average. Property-related incidents compare below national medians, yet recent year-over-year declines are notable, and violent offense rates have eased meaningfully in the latest reading. For investors, the directional improvement helps support resident retention and marketing narratives, while ongoing monitoring remains prudent.
Proximity to diversified employers underpins renter demand and commute convenience, with a mix of healthcare services, manufacturing/packaging, and technology distribution represented.
- Xerox State Healthcare — healthcare services (9.6 miles)
- International Paper — manufacturing & packaging (10.2 miles)
- Cardinal Health — healthcare distribution (14.6 miles)
- DISH Network Distribution Center — technology distribution (18.4 miles)
- Intel Folsom FM5 — semiconductors (31.1 miles)
2120 Cowell Blvd is a 42-unit asset in Davis, California, positioned within a metro-top-quartile neighborhood where renter-occupied share is high and ownership costs are elevated. According to CRE market data from WDSuite, neighborhood occupancy trends sit slightly above national medians, supporting income durability, while the local renter concentration deepens the tenant base. The 2001 vintage is newer than surrounding stock, offering a competitive edge versus older properties with targeted modernization.
Within a 3-mile radius, recent population growth and a notable increase in households point to renter pool expansion, with forecasts indicating continued household growth and smaller household sizes that can favor multifamily leasing. High home values bolster rental reliance and can support pricing power, though elevated rent-to-income ratios call for measured renewal strategies and product differentiation to manage retention risk.
- High renter concentration and above-median occupancy support income stability
- 2001 construction offers competitive positioning versus older neighborhood stock
- 3-mile radius shows household growth and smaller household sizes, widening the tenant base
- Elevated home values reinforce rental reliance and underpin rent levels
- Risk: elevated rent-to-income ratios require careful renewal and pricing management