Property Overview:
240 Rio Verde St is a single-family home in Daly City, CA, built in 1942. It features 2 bedrooms, 2 bathrooms, and 840 sq. ft. of living space. The home includes a parking garage. The estimated home value is $821,800. Potential to be 4 bedrooms upstairs with $650 extra income from a legal apartment downstairs.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 6.6% (lower than state average of 11.8%).
- Property crime risk: 8.4% (lower than state average of 10.8%).
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Schools:
Nearby schools include Bayshore, Visitacion Valley Middle, and City Arts and Technical High.- Average SAT score: 849 (below state average of 975).
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Job Market:
- 54.5% white-collar jobs, 45.5% blue-collar jobs.
- Unemployment rate: 4.0% (lower than state average of 4.7%).
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Demographics:
- Community population: 46,076 (7% growth since 2000).
- 75% families with children.
- Largest age group: 25-34 years (15.58%); second largest: 35-44 years (13.9%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 48.6°F (January), 62.3°F (July).
- Average rainfall: 18.9 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $67,234.
- Average annual spending: $52,518.
Property Features:
- Potential for 4 bedrooms upstairs.
- Legal apartment downstairs provides $650/month extra income.
- Parking garage included.
- 1,181 sq. ft. lot (R1 zoning).
- Close to Geneva Ave, 2 blocks away.
- Convenient access to 101 & 280 freeways.
Location Benefits:
- Family-oriented community with a high percentage of households with children.
- Commuter-friendly: Close to major freeways and public transportation.
- Safe neighborhood with lower-than-average crime rates.
- Growing population and diverse job market.
- Ideal for first-time homebuyers seeking extra income potential.