| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 16th | Poor |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2441 Edison Ave, Sacramento, CA, 95821, US |
| Region / Metro | Sacramento |
| Year of Construction | 1984 |
| Units | 40 |
| Transaction Date | 2013-08-27 |
| Transaction Price | $1,850,000 |
| Buyer | HAIDARI WAHEED W |
| Seller | CAPITALIA GROUP LLC |
2441 Edison Ave, Sacramento CA Multifamily Investment
Neighborhood occupancy remains tight and renter demand is deep, according to WDSuite’s CRE market data, supporting stable leasing for a 40-unit asset in this Sacramento submarket.
Location fundamentals favor renter demand. The neighborhood’s occupancy is in the top quartile nationally, and renter-occupied housing is a large share of units locally, indicating a broad tenant base and potential support for steady renewals rather than frequent lease-up risk. Median home values are elevated for the area, which tends to reinforce reliance on multifamily housing and can aid pricing power when managed thoughtfully.
Amenity access is mixed but functional for workforce tenants: parks and groceries are strong relative to national benchmarks (both competitive nationally), while cafes and pharmacies are limited within the immediate neighborhood. Restaurant density sits above many areas nationally, offering basic dining options without relying on long commutes. These factors collectively point to everyday convenience rather than destination retail.
Vintage considerations: the property was built in 1984, newer than the neighborhood’s average building age. That positioning can help competitiveness versus older stock, while still leaving room for targeted modernization or system upgrades to capture value-add upside as leases turn.
Demographics aggregated within a 3-mile radius show modest population growth with households expanding and family counts rising over the past five years, with forecasts calling for additional household and income growth. This trend supports a larger tenant base and sustained demand for rental units. In this context, median contract rents have risen and are projected to continue growing, underscoring the need for disciplined lease management. For investors conducting multifamily property research, these dynamics suggest durable demand alongside affordability pressures to monitor.
Affordability and retention: rent-to-income is elevated locally, which calls for prudent renewal strategies and attention to unit-level value. At the same time, the high value-to-income landscape and strong neighborhood occupancy support the case for continued renter reliance on multifamily housing and can contribute to occupancy stability when paired with appropriate pricing and amenity positioning.
Safety indicators are mixed relative to national benchmarks, landing around the middle-to-lower tier nationally. Within the Sacramento-Roseville-Folsom metro’s 561 neighborhoods, this area trails the metro average on several safety measures, so underwriting should reflect conservative assumptions for security and operating practices.
Recent trends are nuanced: estimated property offenses declined year over year, while estimated violent offenses increased over the same period. Investors typically address this profile with visible property management, lighting, and access controls to support resident retention and asset performance without relying on block-level claims.
The employment base nearby blends healthcare distribution, logistics, manufacturing, and technology, supporting a diverse renter pool with varied shift profiles and commute needs. The following employers illustrate demand drivers accessible from the property.
- Cardinal Health — healthcare distribution (3.8 miles)
- DISH Network Distribution Center — logistics (6.7 miles)
- International Paper — packaging manufacturing (8.4 miles)
- Xerox State Healthcare — healthcare IT services (8.7 miles)
- Intel Folsom FM5 — semiconductor offices (13.0 miles)
This 40-unit, 1984-vintage asset sits in a neighborhood with top-quartile occupancy nationally and a high concentration of renter-occupied housing units, supporting depth of demand and potential lease stability. Elevated home values in the area reinforce reliance on rentals, while 3-mile demographic trends point to population and household growth that can expand the tenant base. Based on commercial real estate analysis from WDSuite, neighborhood rents have been rising with further growth projected, suggesting room for revenue optimization when balanced against resident affordability.
Relative to older local stock, the property’s vintage can be competitively positioned with selective upgrades to interiors and common areas to drive rent premiums without overextending capital. Key risks include affordability pressure and safety metrics that lag metro averages; underwriting should incorporate conservative loss-to-lease, bad debt, and security line items while leveraging the area’s employment access and strong parks/grocery amenity profile.
- Top-quartile neighborhood occupancy supports leasing stability and renewal potential
- 1984 vintage offers value-add upside versus older local stock
- Elevated ownership costs reinforce renter reliance, aiding pricing power when managed carefully
- 3-mile population and household growth expand the tenant base and support absorption
- Risks: affordability pressures and safety metrics below metro average warrant conservative underwriting