339 Hanover Ave, Oakland, CA 94606
- $1,495,000
- 4,190
- SqFt
- List Price
- $1,495,000
- Status
- ACTIVE
- MLS#
- 41134984
- Year Built
- 1910
- Property Type
- Triplex
- Living Area
- 4,190
- Lot Size
- 7,250
- Acres
- 0.17
- County
- Alameda
- Subdivision
- Lakeshore/Grand
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 Francisco and greater East Bay. Showing Wednesday 7/8 noon sharp!!
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Additional Information
- Appliances
- Dryer, Washer, Gas Water Heater
- Exterior
- Stucco
- Fireplace
- Yes
- Flooring
- Hardwood, Partial Carpeting, Tile
- Laundry Features
- Dryer, In Basement, Washer
- Lot Description
- Level, Back Yard
- Parking Features
- Carport - 2 Or More, Assigned
- Roof
- Composition Shingles, Rolled/Hot Mop
- View
- Lake
- Water Sewer
- Public
Mortgage Calculator
Listing courtesy of Perry Riani from Compass. 510-813-3799
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