Property Overview:
1161 73rd Ave is a single-family home in Oakland, CA, built in 1918. It features 3 bedrooms, 1 bathroom, and 1,178 sq. ft. of living space, plus a parking garage. The property last sold for $375,000 in 2015 and is currently estimated at $416,400. The home also offers a basement with 2 bedrooms, 1 bathroom, and a second kitchen, providing multi-generational living or rental income potential.
Neighborhood Highlights:
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Population:
- Community of 27,683 residents (4% growth since 2000)
- 71% families with children
- Largest age group: 25-34 years (16.4%); next: 35-44 years (13.8%)
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Crime Rate:
- Personal crime risk: 31.2% (higher than CA average of 11.8%)
- Property crime risk: 21% (higher than CA average of 10.8%)
- Neighborhood is considered relatively unsafe
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Schools:
- Nearby: Futures Elementary, Coliseum College Prep Academy, Aurum Preparatory Academy
- Average SAT score: 964 (below state average of 975)
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Job Market:
- 57.1% blue-collar jobs, 42.9% white-collar jobs
- Unemployment rate: 10.7% (higher than state average of 4.7%)
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Cost of Living:
- Median household income: $33,147
- Average annual spending: $33,136
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 45.1°F (January), 74.8°F (July)
- Average rainfall: 25.6 inches/year
- Average snowfall: 0 inches/year
Property Features:
- Main level: 3 bedrooms, 2 bathrooms, fully equipped kitchen
- Basement: 2 bedrooms, 1 bathroom, second kitchen (ideal for multi-generational living or rental income)
- Garage: 1-car parking
- No HOA fees
- Some repairs and deferred maintenance needed (opportunity to customize and add value)
- Potential for Airbnb, rental investment, or vacation home
Location Benefits:
- Minutes from San Francisco Bay and major cities
- Access to vibrant Bay Area culture, job opportunities, and natural attractions
- Close to Silicon Valley, international airports, and schools
- Area known for high property values (homes in the region can sell for millions)
- Urban convenience with proximity to nature
Note:
While the property offers significant potential for customization, rental income, and location benefits, buyers should be aware of the higher crime rates, lower-performing schools, and higher unemployment in the immediate area. The home is best suited for those seeking value-add opportunities or multi-generational living in the Bay Area.