Property Overview:
1572 Lincoln Ave is a multi-family home/fourplex in Alameda, CA, built in 1900. It offers 6 bedrooms, 4 bathrooms, and 3,388 sq. ft. of living space on a 6,175 sq. ft. lot. The property includes a detached 2-bedroom, 1-bath cottage (partially updated), a 2-bedroom, 1-bath unit, a 1-bedroom, 1-bath unit, and a studio. Features include a parking garage and on-site laundry.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 7.9% (lower than state average of 11.8%).
- Property crime risk: 11.2% (slightly higher than state average of 10.8%).
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Schools:
Nearby schools include Franklin Elementary, Alameda High, and Will C. Wood Middle.- Average SAT score: 995 (516 Math, 479 English)—above state average of 975.
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Job Market:
- 53.9% white-collar jobs, 46.1% blue-collar jobs.
- Unemployment rate: 3.1% (lower than state average of 4.7%).
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Demographics:
- Community population: 66,345 (6.3% growth since 2000).
- 57.8% families with children.
- Largest age group: 35-44 years (16.03%), followed by 45-54 years (15.6%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 44.8°F (January), 71.2°F (July).
- Average rainfall: 27.8 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $66,966.
- Average annual spending: $52,257.
Property Features:
- Brown shingle-style triplex with a detached 2/1 cottage in the rear.
- Partially updated cottage: new flooring, fresh paint, modern light fixtures, and dedicated parking.
- Main building:
- 2-bedroom, 1-bath unit
- 1-bedroom, 1-bath unit
- Studio
- On-site laundry room for all residents.
- Ideal for owner-occupant or as an income-producing investment.
- “As is” sale preferred.
Location Benefits:
- Prime Alameda location: Near Park Street’s shops, restaurants, and public transportation.
- Desirable neighborhood with solid cash flow potential.
- Hybrid opportunity: Live in one unit and rent out the others.