339 Hanover Ave, Oakland, CA 94606
- $1,495,000
- 8
- BD
- 4,190
- SqFt
Listed by Perry Riani, (510) 813-3799 from Compass
(If provided) CoList: Jennie A. Flanigan from Vanguard Properties
- List Price
- $1,495,000
- MLS#
- EB41134984
- Status
- ACTIVE
- Sqft. of Residence
- 4,190
- Lot Size
- 7,250
- Listing Area
- Oakland Zip Code 94606
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 $132,356/yr with a currently projected cap rate of 6.4% 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. Unit 341 with 3 bedrooms 1.5 baths is coming available 8/1 and is an ideal owner occupancy unit. 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
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Additional Information
- Acres
- 0.17
- Amenities
- Balcony/Patio
- Cooling System
- Air Conditioning - None
- Exterior Features
- Stucco
- Floor Covering
- Carpet - Partial, Tile, Hardwood
- Garage Parking
- Assigned Spaces
- Heating System
- Forced Air
- Laundry Facilities
- In Basement, Washer, Dryer
- Living Area
- 4,190
- Lot Description
- Grade - Level
- Lot Size
- 7,250
- Neighborhood
- Oakland Zip Code 94606
- Numberof Units
- 4
- Other Rooms
- Basement - Storage Area, Basement - Partial, Basement - Unfinished
- Roof
- Rolled Composition, Composition
- Unincorporated Yn
- Yes
- View
- Lake View
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