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2431 Edison Ave
Sacramento, CA

2431 Edison Ave

$520,000
4 bd • 2 ba • 1,590 sf

This analysis was generated by artificial intelligence on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$520,000

Price/Sq.Ft

$327

Year Built

1953

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This corner duplex offers excellent value at $327.04/sqft, which is approximately 20% below the Sacramento average of $409/sqft for similar properties. Its location is a major asset, being minutes away from Town & Country Village Shopping Center, downtown, and Business Loop I-80, providing convenience and potential for appreciation. The property has been fully remodeled, including updated kitchens, bathrooms, and new flooring in both units, which adds significant value and reduces immediate maintenance costs. With 4 bedrooms and 2 bathrooms across 1,590 sqft, it offers ample space for various living arrangements. The duplex structure allows for owner-occupancy in one unit while renting out the other, providing potential rental income of around $1,756/month (based on local two-bedroom rental rates) to offset mortgage costs. Climate risk is generally low, with minimal flood (1/10) and fire (1/10) risks, potentially leading to lower insurance premiums.

The Bad

The property has been on the market for 134 days, significantly above the Sacramento average of 30-45 days, suggesting potential issues with pricing or market appeal. There have been multiple price reductions totaling 10.3% since its initial listing, indicating possible overpricing or market softening. The lack of listed specific features beyond basic utilities suggests potential limitations in amenities. The extreme air quality risk (10/10) with 33 bad air days per year could be a significant concern for residents' health and quality of life. The severe heat risk (7/10) with 7 hot days per year above 102°F may lead to higher cooling costs and potential discomfort. The local schools have low ratings (Dyer-Kelly Elementary at 1/10 and Encina Preparatory High at 3/10), which could impact long-term value and attractiveness to families.

The Ugly

The property's age (built in 1953) suggests potential for major system replacements in the near future, despite recent renovations. This could include plumbing ($5,000-$15,000), electrical systems ($3,000-$8,000), or roof replacement ($8,000-$20,000) within the next 5-10 years. The price history shows extreme volatility, with a 419.7% increase from 2017 to 2024, which is far above market norms and may indicate potential for future price corrections. The median income in the area ($51,188) is relatively low compared to the property price, which could limit the pool of potential buyers or renters. The extreme air quality risk could lead to increased health-related expenses and potentially impact property value over time. The property's corner location, while offering visibility, may also increase noise and traffic exposure, potentially affecting quality of life and resale value.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for investors looking for a value-add opportunity in a convenient location. With a potential gross rental yield of around 8% (based on full occupancy at market rates), it could provide strong cash flow. It's also ideal for owner-occupants who want to offset mortgage costs by renting out one unit. The duplex structure appeals to multi-generational families or those needing separate living spaces. First-time homebuyers looking to enter the market with built-in rental income potential could also benefit. The property would suit those prioritizing a central location with easy access to amenities and major roads over school quality.

Not For

This property is not suitable for large families needing more than 4 bedrooms or those requiring high-end amenities. Buyers prioritizing top-rated schools should look elsewhere due to the low local school ratings. It's not ideal for those sensitive to air quality issues or extreme heat, given the high risk scores in these categories. Luxury home seekers or those looking for move-in ready properties without potential for near-future major repairs should consider other options. The property may not be suitable for buyers at the median income level ($51,188) without significant savings or additional income sources, as the purchase price may be stretching affordability.
Demographics
Area Median Income

$51,188

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Risk Assessment

Climate Risks

airEXTREME

33 bad air quality days per year

heatSEVERE

7 extreme heat days per year

98th percentile: 102°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The extreme air quality risk (10/10) poses significant health concerns and could lead to increased medical expenses or lifestyle limitations. The severe heat risk (7/10) may result in higher cooling costs and potential discomfort during peak summer months. Despite recent renovations, the property's age (70 years) increases the likelihood of major system failures or necessary upgrades in the coming years, potentially costing $20,000-$50,000. The multiple price reductions and extended time on market suggest potential difficulties in resale. The area's relatively low median income could impact future appreciation and rental income potential. Zoning changes or new development in the area could affect property value and rental demand. The corner lot location may increase exposure to traffic noise and pollution, potentially impacting quality of life and resale value.
Insurance
Annual Cost

$1,872

$156 per month

Financials

Monthly Costs

Price History

Property Taxes

$3,911
2024 Tax Assessment
2.6%from previous year
Assessed Value$317,448
Tax Rate1.23%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Frequently Asked Questions

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