Property Overview:
841 Ocean Ave is a single-family waterfront home in Richmond, CA, built in 1980. The property currently offers 3 bedrooms, 2 bathrooms, and 2,730 sq. ft. of living space, with a parking garage. The home is fully gutted, providing a blank canvas for renovation or expansion. Estimated value: $1,370,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 33.1% (higher than state average of 11.8%).
- Property crime risk: 20.4% (higher than state average of 10.8%).
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Schools:
Nearby schools: Washington Elementary, Greenwood Academy, Richmond Charter Academy.- Average SAT score: 954 (below state average of 975).
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Job Market:
- 52.6% blue-collar jobs, 47.4% white-collar jobs.
- Unemployment rate: 10.2% (higher than state average of 4.7%).
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Demographics:
- Community population: 27,429 (13.8% growth since 2000).
- 65.7% families with children.
- Largest age group: 25-34 years (16.28%); second largest: 35-44 years (14.28%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 52.7°F (January), 76.9°F (July).
- Average rainfall: 13.3 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $45,032.
- Average annual spending: $39,905.
Property Features:
- WATERFRONT PROPERTY: Direct private beach and bay access—kayak from your backyard.
- Iconic Views: Unobstructed panoramas of the Golden Gate Bridge, Bay Bridge, Richmond Bridge, and San Francisco skyline.
- Unique Construction: Concrete and steel build with 3 terraces.
- Fully Gutted: No load-bearing interior walls—maximum flexibility for custom design.
- Expansion Potential:
- Previously approved plans for up to 4,600 sq. ft., 5 bedrooms, 4.5 baths, laundry/mudroom, and equipment room.
- Engineering documents and plans available for review.
- Large, usable yard with direct waterfront access.
- Not eligible for traditional financing; construction loan options available.
Location Benefits:
- Rare opportunity to create a custom dream home on the San Francisco Bay.
- Point Richmond: Sought-after neighborhood with a vibrant community, waterfront parks, and easy access to San Francisco, Marin, and beyond.
- Coastal serenity with endless potential for recreation and entertaining.
- Investment potential: Ideal for builders, investors, or those seeking a one-of-a-kind residence.