Property Overview:
4730 Melrose Ave is a single-family home in Oakland, CA, built in 1912. It features 2 bedrooms, 1 bathroom, and 1,020 sq. ft. of living space. The home includes a parking garage and sits on one of the largest lots in the neighborhood. The estimated home value is $649,000–$719,000.
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 Fremont High, Horace Mann Elementary, and Oakland Charter Academy.- 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:
- Victorian style with real hardwood floors and dual pane windows.
- Bright and airy with high ceilings and large windows offering Bay views.
- Open kitchen with modern appliances, spacious island, and natural stone countertops.
- Bathroom with quality finishes and a refined feel.
- Dedicated laundry room with washer/dryer hookups.
- Attached garage and wide driveway with ample parking.
- Expansive lot with potential for expansion or ADU addition.
- Solid roof, no known foundation issues.
- Sidewalk and sewer lateral compliance completed (in some listings, buyer may need to complete post-COE).
- Priced for quick sale; cash or hard money offers only in some cases.
Location Benefits:
- Peaceful, growing, and welcoming community in Melrose.
- Large lot offers future development potential.
- Convenient access to local amenities and schools.
- Ideal for buyers seeking value-add opportunities or expansion.