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Emil Soleyman

emil@emilrealestate.com +1(209) 500-8589

Listed by Perry Riani, DRE #01402540 • Compass

$1,495,000

Est. payment - /mo

8 Beds

4 Baths

4,190 SqFt

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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

MLS Listing ID EB41134984

Bedrooms 8

Year Built 1910

Lot Size 7,250 Sqft

Property Sub-Type Triplex

Source Bridge MLS

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 Next Sunday 5/31 2-4pm and Next Monday 6/1 11a-1p.

Location

State CA

County Alameda

Area Oakland Zip Code 94606

Interior

Heating Forced Air

Cooling Air Conditioning - None

Flooring Carpet - Partial, Tile, Hardwood

Laundry In Basement, Washer, Dryer

Exterior

Exterior Feature Stucco

Parking Features Assigned Spaces

Garage Spaces 3.0

View Lake

Roof Type Rolled Composition,Composition

Building

Lot Description Grade - Level

Water Heater - Gas

Others

Tax ID 22-309-11

Special Listing Condition Not Applicable

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339 Hanover Ave Oakland, CA 94606