Property Overview:
551 Merritt Ave, 1 is a condominium unit in Oakland, CA, built in 1997. It features 2 bedrooms, 2 bathrooms, and 1,584 sq. ft. of living space. The home includes a dedicated parking space and in-unit laundry. The estimated home value is $1,228,000.
Neighborhood Highlights:
-
Crime Rate:
- Personal crime risk: 16.6% (higher than state average of 11.8%).
- Property crime risk: 13.1% (higher than state average of 10.8%).
-
Schools:
Nearby schools include American Indian Public High, Cleveland Elementary, and Westlake Middle.- Average SAT score: 860 (below state average of 975).
-
Job Market:
- 72.0% white-collar jobs, 28.0% blue-collar jobs.
- Unemployment rate: 3.8% (lower than state average of 4.7%).
-
Demographics:
- Community population: 30,328 (1.4% growth since 2000).
- 41.6% families with children.
- Largest age group: 25-34 years (20.8%); second largest: 35-44 years (18.91%).
-
Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
-
Weather:
- Average temperature: 43.6°F (January), 73.3°F (July).
- Average rainfall: 30.0 inches/year.
- Average snowfall: 0 inches/year.
-
Cost of Living:
- Median household income: $68,310.
- Average annual spending: $52,203.
Property Features:
- Beautifully updated 2BD/2BA corner unit with light-filled open floor plan.
- Large living & dining areas with updated kitchen.
- In-unit laundry, ample storage, and dedicated parking.
- Primary suite with walk-in closet and en-suite bath.
- HOA fee: $300/month (low for the area).
- No rental restrictions—ideal for investment or future flexibility.
Location Benefits:
- Desirable Ivy Hill neighborhood, just 1 block from Lake Merritt.
- Walkable to local favorites: Grand Lake Kitchen, Arizmendi, Lake Chalet, Shakewell, Trader Joe’s, Whole Foods, and Grand Lake Farmers Market.
- Easy commuter access to I-580, I-880, Hwy 24, and Lake Merritt/19th St BART.
- Live in the heart of Oakland with space, style, and walkable convenience!