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1828 Ganges Ave
Score
0
El Cerrito, CA

1828 Ganges Ave

1.1M
2 bd • 1 ba • 980 sf

This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$1,091,600

Price/Sq.Ft

$1,114

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• **Location in El Cerrito:** El Cerrito is a desirable East Bay city with good schools, parks, and access to transportation. It is close to Berkeley, Albany, and other popular areas. • **Below Average Violent Crime:** The violent crime rate is 23.3% lower than the state average and 29.6% lower than the national average. This is a positive selling point for families and individuals concerned about safety. • **BART Proximity:** El Cerrito has two BART stations, providing convenient access to San Francisco and other parts of the Bay Area. This can be a major advantage for commuters. • **Median Income:** The median income in El Cerrito is $115,789, indicating a relatively affluent community. This can contribute to stable property values. • **Rental Rates:** Strong rental rates, with 2-bedroom units averaging $2460/month, suggest potential for future rental income if desired.

The Bad

• **Unknown Year Built:** This is a major red flag. Without knowing the age of the property, it's difficult to assess its condition and potential maintenance needs. Older homes often have outdated electrical, plumbing, and HVAC systems, which can lead to costly repairs. Expect to spend at least $10,000-$20,000 on potential upgrades if the home is older than 50 years. • **High Price per Square Foot:** The price per square foot is $1113.88, which is significantly higher than the average for the East Bay. This suggests the property may be overpriced or have unique features not readily apparent in the listing. • **Limited Information:** The lack of property details and description makes it difficult to assess its true value and condition. The absence of information about utilities and systems is concerning. • **Average Safety Score:** The safety score of 59/100 indicates an average level of safety. While not alarming, it's not as desirable as a score of 60 or higher.

The Ugly

• **High Property Crime Rate:** The property crime rate is 72.0% higher than the state average and 106.2% higher than the national average. This is a significant concern and could impact insurance rates and property values. The robbery rate is particularly high, at 109.8% above the state average and 284.2% above the national average. • **Increasing Violent Crime:** While still below state and national averages, the violent crime rate has increased from 222 incidents in 2022 to 257 in 2023. This upward trend is concerning and should be monitored. • **Potential Foundation Issues:** Given El Cerrito's hillside terrain, foundation problems are a significant risk, especially for older homes. Repairing foundation issues can be extremely expensive, ranging from $10,000 to $50,000 or more. • **High Cost of Ownership:** Even with relatively lower violent crime, the higher property crime may increase insurance costs. Factoring in mortgage payments, property taxes, insurance, and potential repairs, the total cost of ownership could be significantly higher than comparable properties in safer areas.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers seeking a smaller, manageable property in a desirable East Bay location with relatively good access to amenities and transportation. • Individuals or couples prioritizing a location with below-average violent crime rates compared to state and national levels. • Renters looking to become homeowners, with potential monthly mortgage payments comparable to the area's 2-bedroom rental rates of around $2460 (though this depends heavily on down payment and interest rates). • Buyers comfortable with a property that may require updates and improvements to personalize or modernize the living space.

Not For

• Buyers prioritizing extremely low crime rates or seeking a 'very safe' neighborhood (safety score of 80+). The higher property crime rate in El Cerrito may be a deterrent. • Individuals needing a large home or multiple bedrooms. With only 2 bedrooms and 980 sqft, this property is significantly smaller than many family homes. • Buyers with mobility issues or aversion to hillside living. El Cerrito's terrain can present accessibility challenges. • Those seeking a brand-new or recently renovated property. The unknown age of the home suggests it may require updates or repairs. • Buyers with a very limited budget. The high price per square foot ($1113.88) indicates this is not an entry-level property.
Demographics
Area Median Income

$115,789

Property History

Price History
Ownership Timeline
$1,025,000Financed
Feb 10, 2022
Geraldine A Kerr, Geraldine A Kerr Revocable Living TrustAlan Rong Hsiao
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Mar 21, 2011
Geraldine A KerrGeraldine A Kerr, Geraldine A Kerr Revocable Living Trust
Intrafamily Transfer
Non-Arm's Length Transactions

Sunlight Analysis

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Sunlight Analysis

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Financials

Monthly Costs
Market Rent (2 bed)

$2,460

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,091,600
Price/sqft
$1,114
Layout
2 bd1 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$784,300

39.2%

Your price is 39.2% above average

Median Price

$800,000

36.4%

Based on 6 recent sales

Price per Sq.Ft

$768

45.0%

Your price is 45.0% above average $/sqft

Comparable Properties

5901 Orchard Ave, Richmond, CA 94804
Price: $800,000
Sq.Ft: 1,032
Beds/Baths: 3/1
$/Sq.Ft:
$77530.4%
Sale Date: 1/16/2025
5901 Orchard Avenue, Richmond, CA 94804
Price: $800,000
Sq.Ft: 1,032
Beds/Baths: 3/1
$/Sq.Ft:
$77530.4%
Sale Date: 1/15/2025
1516 Aqua Vista Road, Richmond, CA 94805
Price: $570,000
Sq.Ft: 852
Beds/Baths: 2/1
$/Sq.Ft:
$66939.9%
Sale Date: 1/14/2025
1331 Richmond Street, El Cerrito, CA 94530
Price: $886,000
Sq.Ft: 1,051
Beds/Baths: 3/1
$/Sq.Ft:
$84324.3%
Sale Date: 12/6/2024
1331 Richmond St, El Cerrito, CA 94530
Price: $886,000
Sq.Ft: 1,051
Beds/Baths: 3/1
$/Sq.Ft:
$84324.3%
Sale Date: 12/6/2024
1320 S 57Th St, Richmond, CA 94804
Price: $763,800
Sq.Ft: 1,086
Beds/Baths: 3/1
$/Sq.Ft:
$70336.9%
Sale Date: 12/4/2024

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