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Listed by Perry Riani, DRE #01402540 • Compass
$ 1,495,000
Est. payment /mo
New
339 Hanover Ave Oakland, CA 94606
8 Beds
4 Baths
4,190 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,190 sqft
Price per Sqft $356
MLS Listing ID EB41134984
Bedrooms 8
Year Built 1910
Lot Size 7,250 Sqft
Property Sub-Type Triplex
Source Bridge MLS
Property Description
Experience the best of Oakland living with this stately and versatile multi-family residence nestled in the heart of the vibrant Cleveland Heights neighborhood. This impressive property blends early 20th-century architectural character with the spaciousness and flexibility required for today's urban lifestyle. Featuring 3 spacious multi-bedroom units and a bonus studio cottage, off street parking, basement laundry and storage and ~ 4,190 sqft of living space on a 7,250 sqft lot, the property is yielding a solid gross income of over $138,000/yr with a currently projected cap rate of 6% for the savvy investor seeking a high-demand location. It has previously been an ideal owner-occupant home with great rental income, and could serve in the future as a great multi-generational living setup with a large level yard and decks. Situated just a block from the iconic Lake Merritt and Lakeside parks, 339 Hanover puts you at the center of it all with multi-cultural dining options, Trader Joe's and all the amenities of Grand and Lakeshore Avenues, downtown Oakland and nearby Jack London Square. Commuting is a breeze with close proximity to AC Transit, Lake Merritt BART, and major freeways to San Francisco and greater East Bay. Open Sunday 5/17 2-4pm and Monday 5/18 11a-1p.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Interior
Heating Forced Air
Cooling Air Conditioning - None
Flooring Carpet - Partial, Tile, Hardwood
Laundry In Basement, Washer, Dryer
Exterior
Exterior Feature Stucco
Parking Features Assigned Spaces
Garage Spaces 3.0
View Lake
Roof Type Rolled Composition,Composition
Building
Lot Description Grade - Level
Water Heater - Gas
Others
Tax ID 22-309-11
Special Listing Condition New, Not Applicable
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