Property Overview:
2502 25th Ave is a multi-family home in Oakland, CA, built in 1918. The property features a total of 3 units: a 2-bedroom, 1-bath duplex and a separate studio/cottage. The combined living space is approximately 2,266 sq. ft. (some listings note 1,830 sq. ft.). Additional features include a parking garage and ample storage.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 21.3% (higher than state average of 11.8%).
- Property crime risk: 12.8% (higher than state average of 10.8%).
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Schools:
Nearby schools include Opportunity Academy, International Community, and Downtown Charter Academy.- Average SAT score: 860 (447 Math, 413 English), below state average of 975.
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Job Market:
- 56.3% blue-collar jobs, 43.7% white-collar jobs.
- Unemployment rate: 7.9% (higher than state average of 4.7%).
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Demographics:
- Community population: 54,902 (8.9% growth since 2000).
- 70.9% families with children.
- Largest age group: 25-34 years (18.41%); second largest: 35-44 years (14.53%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 44.4°F (January), 73.7°F (July).
- Average rainfall: 27.7 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $39,916.
- Average annual spending: $37,138.
Property Features:
- Three units: 2-bedroom, 1-bath duplex and detached studio/cottage.
- Vacant detached cottage: Newly remodeled with fresh paint, newer roof, updated kitchen, fixtures, and bath.
- Easy-to-maintain backyard: Stamped concrete, new partial fence.
- Garage: New roof, plenty of storage.
- Upgrades in some units:
- New stove
- New dishwasher
- Tankless water heater
- In-unit full-size washer/dryer
- Dual pane windows
- Move-in ready: Ideal for owner-occupancy or investment.
- Potential for rental income: Live in one unit, rent the others to help pay the mortgage.
Location Benefits:
- Family-oriented community with a growing population.
- Open houses frequently available for viewing.
- Attractive for first-time buyers and investors: Opportunity to start investing in real estate or generate rental income.
- Tax benefits: Potential for year-end tax write-offs.