| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 27th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2228 Edison Ave, Sacramento, CA, 95821, US |
| Region / Metro | Sacramento |
| Year of Construction | 1986 |
| Units | 69 |
| Transaction Date | 2014-06-05 |
| Transaction Price | $4,100,000 |
| Buyer | In Escrow |
| Seller | Green Roof Real Estate LLC |
2228 Edison Ave Sacramento Multifamily Investment
Neighborhood occupancy is solid and renter concentration is high, supporting a stable tenant base near core employment nodes, according to WDSuite’s CRE market data. This inner-suburb location offers everyday convenience with grocery and pharmacy density that can aid retention even as households weigh affordability.
Situated in Sacramento’s inner suburbs, the neighborhood rates a C and ranks 451 of 561 metro neighborhoods, indicating middle-of-the-pack fundamentals with selective strengths investors can underwrite. Grocery and pharmacy access are top quartile nationally, while restaurant density is also strong; by contrast, parks, cafes, and childcare options are limited, which may modestly temper lifestyle appeal for some renter cohorts.
From a housing standpoint, neighborhood occupancy is above the metro median (94% with a national percentile near the mid-60s), which points to steady leasing conditions rather than outsized volatility. The share of housing units that are renter-occupied is elevated locally, reinforcing depth of demand for multifamily product; within a broader 3-mile radius, renter-occupied units account for a majority of housing and provide a sizable tenant pool that can support occupancy stability.
Vintage also matters: the subject property was built in 1986, newer than the neighborhood’s older housing stock (average year 1958). That relative youth can enhance competitive positioning versus pre-1970 assets, though investors should still plan for modernization of systems and common areas as part of capital planning.
Demographic statistics aggregated within a 3-mile radius show population and household growth over the last five years, with further gains forecast. Rising median incomes alongside rent growth expectations suggest a larger tenant base and support for rent levels, though operators should manage affordability pressure to sustain lease retention. Home values in the neighborhood sit in the upper national quartile and value-to-income ratios are high, indicating a high-cost ownership market that can reinforce reliance on rental housing.
Safety indicators are slightly better than national averages (around the 55th percentile nationwide) and above the metro median when ranked against 561 Sacramento-area neighborhoods. Recent data also show year-over-year declines in both violent and property offenses, which is a constructive directional trend for investor underwriting. As always, conditions can vary within small areas, so investors typically corroborate site-level observations alongside these neighborhood-level trends.
Nearby employers span healthcare distribution, logistics, manufacturing, healthcare services, and technology, supporting workforce-driven renter demand and commute convenience for residents of the immediate area.
- Cardinal Health — healthcare distribution (3.3 miles)
- DISH Network Distribution Center — logistics (6.5 miles)
- International Paper — paper manufacturing (7.8 miles)
- Xerox State Healthcare — healthcare services (8.2 miles)
- Intel Folsom FM5 — semiconductors (13.5 miles)
This 69-unit, 1986-vintage asset benefits from a renter-heavy neighborhood, steady occupancy, and proximity to diversified employment. According to CRE market data from WDSuite, neighborhood occupancy performs above the metro median and local home values are high relative to incomes, both of which support sustained rental demand and potential pricing power when paired with disciplined lease management. The property’s vintage is newer than much of the surrounding housing stock, suggesting competitive positioning with scope for targeted upgrades to drive NOI.
Within a 3-mile radius, recent and forecast growth in population, households, and incomes expands the tenant base and supports leasing stability. Amenity access is practical—strong for groceries, pharmacies, and restaurants—though limited parks and cafes may narrow appeal for some segments. Operators should also account for affordability management and neighborhood-level NOI per unit that trails national benchmarks when calibrating underwriting assumptions.
- Renter-heavy area and above-median neighborhood occupancy support demand stability
- 1986 vintage is newer than local stock, with value-add potential via targeted updates
- Diverse nearby employers underpin workforce housing demand and retention
- Practical amenity access (grocery/pharmacy/restaurant) aids day-to-day livability
- Risks: manage affordability pressure, modest lifestyle amenities, and neighborhood-level NOI that trails national norms