Property Overview:
742 Wesley Way is a condominium complex in the Lakeshore / Grand Lake / Lake Merritt neighborhood of Oakland, CA, built in 1981. Units range from 1-bedroom, 1-bath (900 sq. ft.) to 2-bedroom, 2-bath (1,300 sq. ft.). Features include in-unit laundry, fireplace, balcony or covered deck, parking garage, and storage closet.
- Estimated home values:
- 1-bedroom: $805,200
- 2-bedroom: $965,900 – $1,047,000
- HOA fee: $266/month (as of August 1)
Neighborhood Highlights:
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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%)
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Schools:
Nearby schools: American Indian Public High, Cleveland Elementary, Edna Brewer Middle- Average SAT score: 860 (Math: 447, English: 413) — below state average of 975
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Job Market:
- 72% white-collar jobs, 28% blue-collar jobs
- Unemployment rate: 3.8% (lower than state average of 4.7%)
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Demographics:
- Population: 30,328 (1.4% growth since 2000)
- 41.6% families with children
- Largest age groups: 25–34 (20.8%), 35–44 (18.9%)
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 43.6°F (January), 73.3°F (July)
- Average rainfall: 30.0 inches/year
- Average snowfall: 0 inches/year
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Cost of Living:
- Median household income: $68,310
- Average annual spending: $52,203
Property Features:
- Spacious, light-filled units with fresh paint, new flooring, and updated kitchens (granite/quartz countertops, new appliances)
- Fireplace in living room
- Dual-paned floor-to-ceiling windows (some units)
- Balcony or covered deck with green views or city views
- In-unit laundry
- Elevator access to assigned indoor parking and storage
- Common central atrium and park-like setting with trees and ferns
- Private, quiet community with urban accessibility
- No car needed: Walkable to farmers’ market, Grand Lake Theatre, Trader Joe’s, Peet’s Coffee, restaurants, shops, and public transit
Location Benefits:
- Prime Lakeshore / Grand Lake / Lake Merritt location
- Easy freeway access and close to major commuter routes
- Short walk to local amenities: Arizmendi Bakery, Peet’s, Trader Joe’s, farmers market, Lake Merritt
- Vibrant neighborhood with bars, restaurants, retail, yoga studios, and health/beauty services
- Ideal for professionals, downsizers, or families seeking privacy, comfort, and convenience in a low-maintenance setting