Property Overview:
1606 55th Ave is a single-family home in Oakland, CA, built in 1910. It features 3 bedrooms, 1 bathroom, and 1,143 sq. ft. of living space. The home includes a parking garage. The estimated home value is $450,200.
Neighborhood Highlights:
-
Crime Rate:
- Personal crime risk: 31.2% (higher than state average of 11.8%).
- Property crime risk: 21% (higher than state average of 10.8%).
-
Schools:
Nearby schools include Bridges Academy, Alternatives in Action, and Aurum Preparatory Academy.- Average SAT score: 964 (below state average of 975).
-
Job Market:
- 57.1% blue-collar jobs, 42.9% white-collar jobs.
- Unemployment rate: 10.7% (higher than state average of 4.7%).
-
Demographics:
- Community population: 27,683 (4% growth since 2000).
- 71% families with children.
- Largest age group: 25-34 years (16.4%).
-
Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
-
Weather:
- Average temperature: 45.1°F (January), 74.8°F (July).
- Average rainfall: 25.6 inches/year.
- Average snowfall: 0 inches/year.
-
Cost of Living:
- Median household income: $33,147.
- Average annual spending: $33,136.
Property Features:
- Investor opportunity: Price just reduced.
- Additional rooms added at the back of the house without permit.
- Hardwood floors under linoleum.
- Open and inviting floor plan with spacious bedrooms and a welcoming living room.
- Kitchen overlooks a large deck leading to a low-maintenance, generously sized backyard—ideal for entertaining.
- Please do not disturb occupants.
Location Benefits:
- Family-oriented community with a high percentage of households with children.
- Mild weather year-round and low risk of flooding or tornadoes.
- Potential for value-add with unpermitted additions and classic Craftsman style.
- Great for investors seeking opportunities in Oakland.