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Listed by Perry Riani, DRE #01402540 • Compass
$ 1,495,000
Est. payment /mo
Active
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.
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 Not Applicable
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