$3,200,000
Fully Entitled 20-Unit 75-Bed Multifamily Development Site. An exceptional opportunity to acquire a fully entitled, conditionally approved multifamily development site just one block from the University of California, Davis. Providing a mix of 3 and 4 bedroom units with 15% of the units being affordable housing. Positioned in one of the region's strongest rental markets, this project is designed to deliver 20 apartment units totaling 75 beds, making it ideally suited for student housing, graduate housing, faculty and staff residences, or other university-related residential uses. With major entitlement milestones already achieved, the project offers a significant head start compared to a ground-up entitlement process, allowing a developer to focus on completing the remaining pre-construction requirements and moving toward permit issuance.Prior to issuance of building permits, the buyer will need to complete the remaining architectural, engineering, and related soft-cost documentation required by the City, including preparation and submission of final construction drawings and associated consultant plans. This provides an opportunity for the purchaser to finalize design details while avoiding the time, uncertainty, and expense associated with securing initial project approvals. The Davis market continues to experience strong demand for high-quality housing driven by university enrollment, faculty recruitment, research activity, and limited housing supply. Development opportunities this close to campus are increasingly scarce, making this project an attractive investment for developers seeking a well-positioned multifamily asset with substantial entitlement work already completed. This offering combines an irreplaceable infill location, advanced project approvals, and the opportunity to deliver purpose-built housing in one of California's most supply-constrained university markets.
226085101
MLS
212 University Ave, Davis
