| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 16th | Poor |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2340 Edison Ave, Sacramento, CA, 95821, US |
| Region / Metro | Sacramento |
| Year of Construction | 1989 |
| Units | 64 |
| Transaction Date | 1993-10-14 |
| Transaction Price | $2,500,000 |
| Buyer | WALKER MICHAEL B |
| Seller | WRIGHT & EDISON PARTNERSHIP |
2340 Edison Ave Sacramento Multifamily Opportunity
Neighborhood occupancy trends indicate durable renter demand, according to WDSuite’s CRE market data, supporting income stability for a 64-unit asset in this Sacramento submarket.
The property sits in an Urban Core neighborhood of Sacramento with strong everyday convenience: grocery access ranks in the top decile nationally and parks coverage is also high, while cafés and pharmacies are limited. For investors, this mix supports daily needs and walkable recreation even if boutique retail is thinner than in the urban core’s marquee districts.
Multifamily fundamentals are a relative strength. The neighborhood’s occupancy ranks 187 out of 561 metro neighborhoods, which is competitive among Sacramento neighborhoods, and the area has a high share of renter-occupied housing units (renter concentration), indicating a deep tenant base that can support leasing velocity and retention. Median contract rents in the neighborhood sit above the national midpoint, a signal of pricing power when units are well-positioned.
Vintage matters: the asset was built in 1989, newer than the neighborhood’s average construction year of 1971. That positioning can provide an edge versus older stock for leasing and operations, while still warranting targeted modernization and system updates for long-term competitiveness and capital planning.
Demographics aggregated within a 3-mile radius show steady population growth over the past five years with households also increasing, and projections point to continued gains by mid-decade. A larger resident base and expected household growth translate to a broader renter pool, supporting occupancy stability and absorption for well-maintained units, based on CRE market data from WDSuite.
Ownership costs are elevated in context: home values benchmark above most neighborhoods nationally and value-to-income ratios are among the highest nationwide. In investor terms, a high-cost ownership market typically reinforces reliance on multifamily rentals, supporting tenant retention and pricing discipline where unit quality aligns with local incomes.
Safety metrics are mixed and should be evaluated in context. The neighborhood’s overall crime ranking sits below the metro median (397 out of 561 Sacramento-area neighborhoods), and its national safety standing is below the midpoint. Recent trend data is nuanced: estimated property offenses declined year over year, while estimated violent offenses increased over the same period. Investors may wish to factor this into security measures, lighting, and resident experience planning.
Nearby employers span healthcare distribution, communications logistics, paper products, public-sector healthcare services, and technology. This employment base within a short-to-moderate commute can underpin renter demand and renewal stability for workforce-oriented units.
- Cardinal Health — healthcare distribution (3.6 miles)
- DISH Network Distribution Center — communications logistics (6.6 miles)
- International Paper — paper & packaging (8.2 miles)
- Xerox State Healthcare — government health services (8.6 miles)
- Intel Folsom FM5 — technology & engineering (13.1 miles)
2340 Edison Ave offers a 64-unit scale in a renter-oriented pocket of Sacramento where neighborhood occupancy is competitive within the metro and daily-needs amenities (notably groceries and parks) are strong. The 1989 vintage is newer than the neighborhood average, supporting relative competitiveness versus older stock while leaving room for targeted renovations and building system updates to drive rent positioning and operating reliability.
Demand fundamentals are supported by a large renter-occupied share locally and steady 3-mile household growth, with forward projections indicating additional renter pool expansion. In a high-cost ownership environment, this typically sustains reliance on multifamily housing and can bolster retention and pricing power when units are well-managed. At the same time, rent-to-income dynamics suggest affordability pressure should be monitored through thoughtful lease management and amenity-value alignment, based on commercial real estate analysis from WDSuite.
- Competitive neighborhood occupancy and strong daily-needs access support leasing stability.
- 1989 vintage provides a positioning edge versus older area stock with value-add potential.
- Renter concentration and 3-mile household growth expand the tenant base and support absorption.
- High-cost ownership context underpins renter reliance, aiding retention and pricing discipline.
- Risks: affordability pressure and mixed safety trends call for prudent lease and security planning.