Property Overview:
2857 Ford St is a multi-family property in the Fruitvale District of Oakland, CA, built in 1916. The property consists of three separate buildings on one parcel, with a combined estimated 2,015 sq. ft. (buyer to verify). The main home features 3 bedrooms, 4 bathrooms, and 1,534 sq. ft. of living space. Currently, 2 of 3 units are vacant; one is move-in ready, and one is gutted and needs a full remodel. The third unit is occupied.
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 Lazear Charter Academy, Latitude 37.8 High, and Epic Charter.- Average SAT score: 860 (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 separate buildings on one parcel.
- Current configuration:
- (1) 1 Bed / 1 Bath (leased)
- (1) Studio (leased)
- (1) Vacant building (gutted, potential to split into two 1 Bed / 1 Bath units)
- Investment potential: Opportunity to renovate and increase rental income.
- Two units currently vacant; one is move-in ready, one requires a full remodel.
- Located on the border of Oakland and Alameda—desirable for investors.
Location Benefits:
- Exceptional investment opportunity in a growing neighborhood.
- Oakland General Plan (Phase 2):
- Improvements to transportation, walkability, and city infrastructure (roads, bridges, sidewalks, public restrooms, fire stations).
- Enhanced access to grocery stores, entertainment, libraries, and parks.
- Strong rental demand due to family-oriented community and population growth.