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Listed by Compass
$ 1,495,000
Est. payment | /mo
4,190 SqFt
$ 1,495,000
Est. payment | /mo
4,190 SqFt
Open House
Sun May 17, 2:00pm - 4:00pm
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
Subdivision Lakeshore/Grand
MLS Listing ID 41134984
HOA Y/N No
Year Built 1910
Lot Size 7,250 Sqft
Property Sub-Type Triplex
Source Bridge AOR
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. Open Sunday 5/17 2-4pm and Monday 5/18 11a-1p.
Location
State CA
County Alameda
Interior
Heating Forced Air
Cooling No Air Conditioning
Flooring Hardwood, Partial Carpeting, Tile
Fireplace Yes
Appliance Dryer, Washer, Gas Water Heater
Laundry Dryer, In Basement, Washer
Exterior
View Lake
Building
Lot Description Level, Back Yard
Water Public
Schools and Properties Nearby