Property Overview:
2834 Andrade Ave is a single-family home in Richmond, CA, built in 1949. It features 3 bedrooms, 1 bathroom, and 962 sq. ft. of living space. The home includes a parking garage and a spacious backyard. The estimated home value is $443,100.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 24% (higher than state average of 11.8%).
- Property crime risk: 17.4% (higher than state average of 10.8%).
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Schools:
Nearby schools include Ford Elementary, Richmond High, Manzanita Middle, and Vista High (Alternative).- Average SAT score: 954 (below state average of 975).
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Job Market:
- 59.5% white-collar jobs, 40.5% blue-collar jobs.
- Unemployment rate: 7.0% (higher than state average of 4.7%).
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Demographics:
- Community population: 34,685 (5.9% growth since 2000).
- 65.2% families with children.
- Largest age group: 25-34 years (15.82%); second largest: 35-44 years (14.44%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 50.5°F (January), 77.2°F (July).
- Average rainfall: 17.6 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $48,541.
- Average annual spending: $42,023.
Property Features:
- Laminate flooring throughout for modern look and easy maintenance.
- Eat-in kitchen with ample space for dining and meal prep.
- Spacious backyard for gardening, barbecues, or entertaining.
- Light cosmetic fixer: Opportunity to add value with minor renovations.
- Newer roof for reduced maintenance needs.
- Laundry in garage.
- Heating: Wall furnace.
- Cooling: Window/wall unit.
- Foundation: Raised.
- Garage: 1-car, facing front.
- Zoning: SFR (Single Family Residential).
- Currently tenant-occupied (Section 8, rent $2,695/month, month-to-month lease).
- Sale as-is: Seller will not make repairs.
Investment Highlights:
- Reliable Section 8 tenant provides steady income from day one.
- Flexible lease terms (month-to-month).
- Potential for value enhancement with light renovations.
- Stable, income-producing asset in a growing community.
Location Benefits:
- Charming North/East Richmond neighborhood.
- Close to schools and community amenities.
- Great potential for both homeowners and investors.
- Easy access to local transportation and highways.