Property Overview:
562 29th St is a condominium unit in Oakland, CA 94609, built in 1922. It features 2 bedrooms, 1 bathroom, and 668 sq. ft. of living space. The home includes a parking garage and has been fully renovated with modern amenities. The estimated home value is $756,700.
Neighborhood Highlights:
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Location:
- Situated in the KoNo neighborhood, between Temescal and Uptown.
- Close to Lake Merritt, Sprouts, Whole Foods, and popular dining spots like Blind Tiger.
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Crime Rate:
- Personal crime risk: 29.2% (higher than state average of 11.8%).
- Property crime risk: 24.2% (higher than state average of 10.8%).
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Schools:
- Nearby schools: Street Academy (Alternative), Hoover Elementary, Westlake Middle.
- Average SAT score: 776 (below state average of 975).
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Job Market:
- 60.3% white-collar jobs, 39.8% blue-collar jobs.
- Unemployment rate: 7.7% (higher than state average of 4.7%).
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Demographics:
- Community population: 21,705 (0.1% growth since 2000).
- 47.1% families with children.
- Largest age group: 25-34 years (25.91%); second largest: 35-44 years (17.67%).
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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: 29.9 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $40,648.
- Average annual spending: $37,540.
Property Features:
- Fully renovated (2016) with eco-friendly and modern finishes.
- Kitchen:
- Quartz countertops, bamboo cabinetry, stainless steel appliances, gas range, and a large window (ideal for potted herbs).
- Floorplan:
- Split bedroom layout—great for work from home or housemate situations.
- Open floorplan with hard flooring throughout and ample closet space.
- HOA Amenities:
- Bike storage, free laundry, shared outdoor space (backyard picnic area with fire-pit).
- Parking:
- 1 deeded parking space.
- Investment Potential:
- Currently tenant-occupied—ideal as an investment property.
Location Benefits:
- Urban lifestyle: Walk to grocery stores, restaurants, cafés, and public transit (BART).
- Active neighborhood: Close to Telegraph & Broadway corridors, Lake Merritt, and a variety of local markets and eateries.
- Commuter-friendly: Easy access to major highways and public transportation.