Property Overview:
3517 Allendale Ave is a single-family home in Oakland, CA, built in 1920. The property features 4 bedrooms, 2 bathrooms, and 1,418 sq. ft. of living space. Notably, this is a bank-owned foreclosure with 2 houses on 1 lot (each with 2+ bedrooms), a long driveway, and a parking garage. The estimated home value is $473,200.
Neighborhood Highlights:
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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%).
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Schools:
Nearby schools include Allendale Elementary, United for Success Academy, and LIFE Academy.- Average SAT score: 860 (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 lower than state average of 4.7%).
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Demographics:
- Community population: 27,919 (3.7% growth since 2000).
- 67.9% families with children.
- Largest age group: 45-54 years (15.59%); second largest: 35-44 years (15.13%).
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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.
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Cost of Living:
- Median household income: $73,990.
- Average annual spending: $55,676.
Property Features:
- Bank-owned foreclosure: Investment opportunity with two homes on one lot.
- Total living space: 2,203 sq. ft. (combined).
- Long driveway and parking garage.
- Both homes have 2 or more bedrooms.
- RM-2 zoning (residential multi-family).
- Attractive price for two homes.
Location Benefits:
- Family-oriented community with a high percentage of families with children.
- Convenient access to local schools and job opportunities.
- Potential for rental income or multi-generational living due to two homes on one lot.
- High earthquake risk should be considered for insurance and safety planning.