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510-703-0356
Real Estate Company
339 Hanover Ave, Oakland, CA 94606
- $1,520,000
- 4,190
- SqFt
- Sold Price
- $1,520,000
- List Price
- $1,495,000
- Status
- CLOSED
- Closing Date
- Oct 16, 2026
- Year Built
- 1910
- MLS#
- 41134984
- Living Area
- 4,190
- Lot Size
- 7,250
- Type
- Multifamily
- Zip
- 94606
- city
- Oakland
- Neighborhood
- Lakeshore/Grand
Property Description
Experience the best of Oakland living with this stately and versatile multi-family residence with a 3BD 1.5BA Owner's Unit 341 to be delivered vacant, 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 is 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, the vacant owner's unit, has 3 bedrooms 1.5 baths with its own deck, parking and direct access to the shared yard. 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.
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Additional Information
- View
- Lake
- Lot Description
- Level, Back Yard
- Flooring
- Hardwood, Partial Carpeting, Tile
- Heating
- Forced Air
- Cooling
- No Air Conditioning
- Laundry
- Dryer, In Basement, Washer
- Exterior
- Stucco
- Roof
- Composition Shingles, Rolled/Hot Mop
- Garageparking
- Carport - 2 Or More, Assigned
- Water Sewer
- Public
- Building Type
- Triplex
- Acres
- 0.17
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Listing courtesy of Perry Riani from Compass. 510-813-3799
Selling Office: Streamline Real Estate Inc..
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