Property Overview:
1317 Chanslor Ave is a duplex/multifamily property in Richmond, CA (Iron Triangle neighborhood), built in 1913. It features 3 bedrooms, 2 bathrooms, and 1,512 sq. ft. of living space on a 5,619 sq. ft. lot. The estimated home value is $416,100. The property includes a large parking area and a recently updated roof and parking concrete.
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%).
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Schools:
Nearby schools include Greenwood Academy, Richmond College Preparatory, and Lovonya DeJean Middle.- Average SAT score: 954 (below state average of 975).
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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:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 52.7°F (January), 76.9°F (July).
- Average rainfall: 13.3 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $45,032.
- Average annual spending: $39,905.
Property Features:
- Multifamily layout:
- Two units with 2 bedrooms, 1 bathroom each
- One unit with 1 bedroom, 1 bathroom
- Large parking area
- Recently updated roof and parking concrete
- Close to freeway, elementary school, and amenities
- Ready to move in; live in one unit and rent the others
- Appointment required to view
Location Benefits:
- Convenient access to freeways and public transportation
- Family-oriented community with a growing population
- Potential for rental income and investment opportunity
- Close to schools and amenities