Property Overview:
2940 Madera Ave is a single-family home in the Maxwell Park neighborhood of Oakland, CA, built in 1948. It features 2 bedrooms, 2 bathrooms, and approximately 1,302–1,600 sq. ft. of living space (actual size may exceed public records). The home includes a finished basement/bonus room, a large backyard, and a detached 3-car garage. The estimated home value is $812,600, with current list price around $550,000 (priced $200,000–$250,000 below comps due to condition).
Neighborhood Highlights:
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Population:
- Community of 27,919 residents (3.7% growth since 2000)
- 67.9% families with children
- Largest age group: 45–54 years (15.6%), followed by 35–44 years (15.1%)
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Crime Rate:
- Personal crime risk: 23.7% (higher than state average of 11.8%)
- Property crime risk: 18.9% (higher than state average of 10.8%)
- Relatively unsafe compared to state averages
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Schools:
- Nearby schools: Urban Montessori Charter, Oakland Unity High, Frick United Academy of Language
- Average SAT score: 860 (Math: 447, English: 413), below state average of 975
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Job Market:
- 64.2% white-collar jobs, 35.8% blue-collar jobs
- Unemployment rate: 4.6% (slightly below state average of 4.7%)
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Cost of Living:
- Median household income: $73,990
- Average annual spending: $55,676
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 44.3°F (January), 74.3°F (July)
- Average rainfall: 27.2 inches/year
- Average snowfall: 0 inches/year
Property Features:
- Charming “diamond in the rough” with great curb appeal in desirable Maxwell Park
- Spacious great room and large kitchen—ideal for entertaining
- Two large bedrooms upstairs, one with dual closets
- Two full bathrooms (one upstairs, one downstairs)
- Finished basement/bonus room: Flexible space for a 3rd bedroom, family room, or home office
- Hardwood floors throughout, new interior paint, and some new flooring
- Large backyard: Perfect for gardening, entertaining, or expansion
- Long driveway with side access; detached 3-car garage (boat/RV ready)
- Potential for customization, storage, or creative projects
- Priced below market due to condition—great opportunity for investors, contractors, or homebuyers seeking sweat equity
Location Benefits:
- Highly sought-after Maxwell Park neighborhood
- Close to parks, schools, public transportation, and major freeways
- Commuter-friendly location
- Excellent potential for value appreciation with renovation