Property Overview:
915 Dwight Way is a multi-family home in Berkeley, CA, built in 1943. The property features four units:
- 2 units with 1 bedroom, 1 bath
- 2 units with 2 bedrooms, 1 bath
Total living space is 2,486 sq. ft. and includes a parking garage. Units 909, 911, and 913 have been remodeled. Units 909 and 911 are Section 8. The property offers good upside potential.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 9.1% (lower than state average of 11.8%)
- Property crime risk: 9.8% (lower than state average of 10.8%)
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Schools:
Nearby schools include Rosa Parks Environmental Science, Longfellow Arts and Technology Middle, and Berkeley Technology Academy.- Average SAT score: 1112 (566 Math, 546 English) — higher than state average of 975.
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Job Market:
- 63.0% white-collar jobs, 37.0% blue-collar jobs
- Unemployment rate: 7.3% (higher than state average of 4.7%)
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Demographics:
- Community population: 8,407 (20.5% growth since 2000)
- 62.6% families with children
- Largest age group: 25-34 years (17.23%)
- Second-largest: 35-44 years (15.76%)
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 46.3°F (January), 75.0°F (July)
- Average rainfall: 25.9 inches/year
- Average snowfall: 0 inches/year
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Cost of Living:
- Median household income: $43,345
- Average annual spending: $39,140
Property Features:
- 4-plex configuration:
- 2 units (1 bed/1 bath)
- 2 units (2 bed/1 bath)
- Remodeled units: 909, 911, 913
- Section 8 tenants in 909 and 911
- Parking garage
- Good upside potential for investors
Location Benefits:
- Central Berkeley location with access to quality schools and public transportation
- Family-friendly community with a growing population
- Relatively safe neighborhood with lower-than-average crime rates
- Strong rental demand and potential for value-add improvements