Property Overview:
1250 Fred Jackson Way is a single-family residence in Richmond, CA 94801, built in 1923. The property features 748 sq. ft. of living space, 2 bedrooms, 1 bathroom, and sits on a 5,000 sq. ft. lot. The home is currently being used as 3 income-producing units. Estimated market value ranges from $264,000 to $337,900.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 33.1% (higher than state average of 11.8%).
- Property crime risk: 20.4% (higher than state average of 10.8%).
- Moderately high overall crime risk; 4 criminal/sex offenders within 1 mile.
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Schools:
Nearby schools include Verde Elementary, Peres Elementary, Richmond High, and Helms Middle.- Average SAT score: 954 (below state average of 975).
- Schools are considered below average.
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Job Market:
- 52.6% blue-collar jobs, 47.4% white-collar jobs.
- Unemployment rate: 10.2% (higher than state average of 4.7%).
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Demographics:
- Community population: 27,429 (13.8% growth since 2000).
- 65.7% families with children.
- Largest age group: 25-34 years (16.28%); second largest: 35-44 years (14.28%).
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Natural Disaster Risk:
- Very high earthquake risk.
- Very low tornado risk.
- Minimal/low flood risk.
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Weather:
- Average temperature: 52.7°F (January), 76.9°F (July).
- Average rainfall: 13.3 inches/year.
- No snowfall.
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Cost of Living:
- Median household income: $45,032.
- Average annual spending: $39,905.
Property Features:
- Versatile property: Used as 3 income-producing units (single family home with ADU and separate upstairs unit).
- Remodeled in 2009: Updated electrical, plumbing, insulation, and sheetrock.
- Additional upgrades:
- Interior staircase and sump pump (2015).
- Roof replaced (2021).
- Exterior repainted recently.
- Carport built (2013).
- Rental Income:
- Downstairs unit (3 bed, 1 bath): $3,000/month (tenant-occupied).
- Rear ADU: $2,000/month (tenant-occupied).
- Upstairs unit (2 bed, 1 bath): $1,500/month (owner-occupied, market rent).
- Heating: Floor/wall furnace.
- Parking: Garage and carport.
- Flexible layout: Suitable for multi-generational living or maximizing rental potential.
Location Benefits:
- Strong rental income: Ideal for investors or owner-occupants seeking to offset mortgage costs.
- Affordable price point compared to area average.
- Community growth: Population has increased, with a high percentage of families.
- Convenient access to local amenities and public transportation.