Property Overview:
2927 Madera Ave is a single-family home in Oakland, CA 94619 (Maxwell Park), built in 1922. It features 2-3 bedrooms, 1-2 bathrooms, and 1,248 sq. ft. of living space on a 3,960 sq. ft. lot. The home includes a parking garage and a full-height basement. The property was fully renovated in 2020 and the estimated home value is ~$565,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 23.7% (higher than state average of 11.8%).
- Property crime risk: 18.9% (higher than state average of 10.8%).
- 30 criminal and sex offenders reside within 1 mile.
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Schools:
Nearby schools include Urban Montessori Charter, Oakland Unity High, Frick United Academy of Language, Laurel Elementary.- Schools are rated below average.
- Average SAT score: 860 (state average: 975).
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Job Market:
- 64.2% white-collar jobs, 35.8% blue-collar jobs.
- Unemployment rate: 4.6% (slightly below state average).
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Demographics:
- Community population: 27,919 (3.7% growth since 2000).
- 67.9% families with children.
- Largest age group: 45-54 years (15.59%); second largest: 35-44 years (15.13%).
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Natural Disaster Risk:
- Very high earthquake risk.
- Very low tornado risk.
- Minimal flood risk.
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Weather:
- Average temperature: 44.3°F (January), 74.3°F (July).
- Average rainfall: 27.2 inches/year.
- No snowfall.
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Cost of Living:
- Median household income: $73,990.
- Average annual spending: $55,676.
Property Features:
- Fully renovated in 2020:
- Open-concept layout with updated eat-in kitchen (newer stainless steel appliances).
- Spacious bedrooms with ample closet space.
- Upgraded bathrooms.
- Newer roof, heating system, dual-pane windows, and flooring.
- Basement: Full-height, ideal for storage or potential additional uses.
- Backyard: Great for entertainment; some listings mention fruit trees.
- Front porch: Bay views, perfect for morning coffee or sunsets.
- Garage: 1-car garage and long driveway.
- Potential for Expansion:
- Approved plans to convert lower level into a separate unit/ADU (possible duplex).
- Seismic upgrades, updated electrical, new framing, new roof portions, new foundation footings.
Location Benefits:
- Commuter-friendly:
- Close to BART, Bay Bridge, Highways 580/880/80.
- Easy access to Jack London Square, Downtown Oakland, Chinatown, Bay St Emeryville.
- Lifestyle:
- Near farmer’s markets, shopping, dining, and entertainment.
- Vibrant, diverse community with historic character and modern convenience.
- Investment Potential:
- Rental income possible with ADU/duplex setup (potential gross: $7,000+/month for both units).
- Recent upgrades and location make it attractive for both owner-occupants and investors.