Property Overview:
5435 Bancroft Ave is a legal duplex in Oakland, CA, built in 1941. It features 3 bedrooms, 2 bathrooms, and 1,659 sq. ft. of living space. The property includes a two-car garage, separate addresses, and independent utilities for each unit. The estimated home value is $742,200.
Neighborhood Highlights:
-
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%).
-
Schools:
Nearby schools include Fremont High, Horace Mann Elementary, and Oakland Charter Academy.- Average SAT score: 860 (below state average of 975).
-
Job Market:
- 56.3% blue-collar jobs, 43.7% white-collar jobs.
- Unemployment rate: 7.9% (higher than state average of 4.7%).
-
Demographics:
- Community population: 54,902 (8.9% growth since 2000).
- 70.9% families with children.
- Largest age group: 25-34 years (18.41%).
-
Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
-
Weather:
- Average temperature: 44.4°F (January), 73.7°F (July).
- Average rainfall: 27.7 inches/year.
- Average snowfall: 0 inches/year.
-
Cost of Living:
- Median household income: $39,916.
- Average annual spending: $37,138.
Property Features:
- Fully legal duplex with two separate addresses and independent utilities (including water).
- Front unit: 1 bedroom, 1 bath.
- Rear unit: 2 bedrooms, 1 bath.
- Recently updated interiors; both units are move-in ready.
- AC/heater/HVAC in both units.
- Ample secure parking with a two-car garage.
- Small yards in both front and back.
- Lot size: 0.11 acres.
- Investment opportunity: Long-term tenants with potential to increase rents; owner-occupant possible.
Location Benefits:
- Central Oakland location with growing population.
- Stable tenant base and rental upside for investors.
- Convenient access to local amenities, schools, and transportation.
- Ideal for investors or owner-occupants seeking rental income.