Property Overview:
3540 Lincoln Ave is a multi-family home (fourplex) in Oakland, CA, built in 1925. It features 8 bedrooms, 4 bathrooms, and 3,360 sq. ft. of living space. The property includes a parking garage and sits on an 8,580 sq. ft. lot. Priced at $650,000 (under $200/sq. ft.), it offers strong investment potential.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 25.1% (higher than state average of 11.8%).
- Property crime risk: 21.8% (higher than state average of 10.8%).
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Schools:
Nearby schools include Sequoia Elementary, Bret Harte Middle, and Oakland Charter High.- Average SAT score: 860 (below state average of 975).
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Job Market:
- 65.6% white-collar jobs, 34.4% blue-collar jobs.
- Unemployment rate: 4.5% (lower than state average of 4.7%).
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Demographics:
- Community population: 31,177 (1.9% growth since 2000).
- 61.5% families with children.
- Largest age group: 35-44 years (16.43%); second largest: 45-54 years (15.96%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 43.9°F (January), 73.8°F (July).
- Average rainfall: 28.9 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $66,009.
- Average annual spending: $51,592.
Property Features:
- Fourplex with 8 bedrooms and 4 bathrooms.
- 3,360 sq. ft. of living space on an 8,580 sq. ft. lot.
- Parking garage included.
- Current rental income: $64,000/year; market potential: $92,000/year.
- ADU potential: Room for additional unit buildout for added value.
- Urban convenience: Walkable to Safeway, CVS, Oakland Public Library.
- Outdoor access: Close to Diamond Park (hiking, pool, rec center).
Location Benefits:
- Perched above I-580 in the Diamond District for easy commuting.
- Walkable lifestyle with shopping, parks, and amenities nearby.
- High-demand rental market with strong cash flow and appreciation potential.
- Ideal for investors seeking immediate income and long-term growth.