Property Overview:
863 40th St is a duplex in Oakland, CA, built in 1925. The property features two separate units—each with 2 bedrooms and 1 bathroom—and a total living area of 1,082 sq. ft.. Additional highlights include two detached garages, a large backyard, and separate water meters for each unit. The property is fully vacant and move-in ready. Estimated value: $549,800. List price: $499,000.
Neighborhood Highlights:
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Population & Demographics:
- Community population: 23,117 (+3.7% since 2000)
- 48.9% families with children
- Largest age group: 25-34 years (23.34%); next: 35-44 years (17.05%)
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Job Market:
- 55.8% white-collar jobs, 44.2% blue-collar jobs
- Unemployment rate: 7.3% (higher than state average of 4.7%)
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Schools:
- Nearby: North Oakland Community Charter, Oakland Military Institute College Prep, Westlake Middle
- Average SAT score: 776 (below state average of 975)
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Crime Rate:
- Personal crime risk: 24.8% (higher than state average of 11.8%)
- Property crime risk: 26.9% (higher than state average of 10.8%)
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Cost of Living:
- Median household income: $46,298
- Average annual spending: $40,718
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 44.2°F (January), 73.6°F (July)
- Average rainfall: 29.4 inches/year
- Average snowfall: 0 inches/year
Property Features:
- Two separate 2BD/1BA units—ideal for rental income or multi-generational living
- Fully vacant and move-in ready
- Renovated lower unit:
- New flooring, updated kitchen (new cabinetry, countertops, stainless steel appliances), renovated bathroom
- Ample natural light
- Upper unit:
- Bonus room/office space
- Original bathroom with vintage charm
- Two detached garages:
- Off-street parking
- ADU potential (Accessory Dwelling Unit)
- Large backyard and low-maintenance outdoor space
- Separate meters for gas, electric, and water for each unit
Location Benefits:
- Prime NOBE location (North Oakland, Berkeley, Emeryville)
- Excellent transit access: Close to BART, freeways, and public transportation
- Near shopping, dining, and entertainment: Bay Street, Temescal, Emeryville
- Strong rental demand and investment potential
- Open houses regularly scheduled