Property Overview:
7115 Herbert Guice Way is a duplex in Oakland, CA, built in 1963. It features 4 bedrooms, 2 bathrooms, and 2,115 sq. ft. of living space. The estimated home value is $621,100. The property is currently in disrepair and presents an investment opportunity for those interested in renovation and value-add projects.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 31.2% (higher than state average of 11.8%).
- Property crime risk: 21% (higher than state average of 10.8%).
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Schools:
Nearby schools include Futures Elementary, Coliseum College Prep Academy, and Aurum Preparatory Academy.- Average SAT score: 964 (below state average of 975).
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Job Market:
- 57.1% blue-collar jobs, 42.9% white-collar jobs.
- Unemployment rate: 10.7% (higher than state average of 4.7%).
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Demographics:
- Community population: 27,683 (4% growth since 2000).
- 71% families with children.
- Largest age group: 25-34 years (16.4%); second largest: 35-44 years (13.82%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 45.1°F (January), 74.8°F (July).
- Average rainfall: 25.6 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $33,147.
- Average annual spending: $33,136.
Property Features:
- Duplex with 1,593 sq. ft. (per listing details; main text says 2,115 sq. ft.).
- Needs significant renovation—ideal for investors or renovation enthusiasts.
- Potential to build equity through strategic improvements.
- Auction opportunity: Property will be listed on Xome.com.
Location Benefits:
- Excellent transit access: Close to AC Transit bus routes, BART, Oakland Airport Amtrak stations, and minutes from the 880 freeway.
- Family-oriented community with a high percentage of households with children.
- Investment potential due to price point and value-add possibilities.