Property Overview:
577 48th St is a single-family home in Oakland, CA, built in 1904. It features 2 bedrooms, 1 bathroom, and 1,044 sq. ft. of living space. The home includes a parking garage and sits on a 5,000 sq. ft. lot. The estimated home value is $820,600.
Condition: Not livable; being sold “As Is”—Contractor’s Special. Includes 2 dens and a bonus room in the basement (total of 5 rooms). Seller may help finance. Offers accepted Feb 12.
Neighborhood Highlights:
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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 include Oakland International High, Emerson Elementary, and Claremont 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:
- 2 bedrooms, 1 bathroom, 2 dens, and a bonus room in the basement (total of 5 rooms).
- 1,044 sq. ft. home on a 5,000 sq. ft. lot.
- Parking garage.
- Not livable; needs major renovation (Contractor’s Special).
- Sold “As Is”; seller may assist with financing.
- Offers accepted Feb 12.
Location Benefits:
- Located in the coveted Temescal Neighborhood of Oakland.
- Close to schools, shops, and public transportation.
- Potential for significant value-add with renovation.