Property Overview:
48 Garden Rd is a single-family home in Alameda, CA, built in 1977. It features 5 bedrooms, 3 bathrooms, and 1,931 sq. ft. of living space on a 5,950 sq. ft. lot. The estimated home value is $1,376,000. The property is currently gutted and does not qualify for conventional financing—cash offers only. There is potential for an ADU (Accessory Dwelling Unit).
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 4.1% (lower than state average of 11.8%).
- Property crime risk: 2.6% (lower than state average of 10.8%).
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Schools:
Nearby schools include Amelia Earhart Elementary, Lincoln Middle, and Alameda High.- Average SAT score: 860 (447 Math, 413 English)—below state average of 975.
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Job Market:
- 75.5% white-collar jobs, 24.5% blue-collar jobs.
- Unemployment rate: 2.0% (lower than state average of 4.7%).
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Demographics:
- Community population: 16,725 (28.6% growth since 2000).
- 75.2% families with children.
- Largest age group: 45-54 years (18.38%); second largest: 35-44 years (13.43%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 46.4°F (January), 71.8°F (July).
- Average rainfall: 24.6 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $124,000.
- Average annual spending: $81,189.
Property Features:
- Contractor’s dream/sweat equity project—currently gutted and ready for renovation.
- 5 bedrooms, 3 bathrooms, 1,931 sq. ft. of living space.
- Large, flat 5,950 sq. ft. lot with side yard access—potential for ADU.
- No HOA.
- Located in a family-friendly neighborhood with parks, hiking trails, and outdoor activities.
- Cash offers only; property does not qualify for conventional financing.
Location Benefits:
- Desirable Bay Farm Island location—residential tranquility with urban conveniences.
- Access to top-tier Alameda Unified School District.
- Close to parks, greenbelts, and Chuck Corica Golf Complex.
- Easy access to major highways, public transit, and Harbor Bay Ferry to San Francisco.
- Ideal for contractors, investors, or buyers seeking a custom renovation opportunity in a vibrant, growing community.