339 Hanover Ave

Property Overview
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. 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.
Home Details
- Property type
- ResidentialIncome - Triplex
- Year built
- 1910
- Lot size
- 7,250 sq ft
- Parking
- 3 spaces
- Days on market
- 39
- MLS status
- Active
Features & Amenities
Appliances
- Gas Water Heater
- Dryer
- Washer
Parking
- Assigned
- Carport
Lot
- Back Yard
- Street Level
Community, Schools & Utilities
Community
- Subdivision
- LAKESHORE/GRAND
- View
- Yes
Utilities
- Heating
- ForcedAir
Location & Neighborhood
Frequently Asked Questions
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