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mba2012works
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ebonn101
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Concentration: Finance
Schools: UCLA (Anderson) - Class of 2014
Schools: UCLA (Anderson) - Class of 2014
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mba2012works
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EmBeeAy23
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GMAT 1: 730 Q47 V44
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UC Davis Rankings:
Poets&Quants: 58
Forbes: 68
U.S. News & World Report: 42
Financial Times: 80
The Economist: 60

Median GMAT: 700
GMAT Range (mid-80%): 650-740
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OldFritz
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In general, it is advisable to talk about an obvious weak point in one's application than to allow admission officers to speculate.

Cheers,
Der alte Fritz.
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myEssayReview
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I would also suggest that you retake GMAT and take it up to least 650 to add value to your application.
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MBAhopester
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I agree with Poonamtandon. If I were you and had >1 month and 2+ hr/day to study, I would retake the GMAT. In my experience, 650 is very achievable with basic GMAT fundamentals and some practice. I would take the GMAT until I fall within the mid-80% range for UC-Davis (650-740).