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.
Details
| MLS # | 41134984 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 106 |
| Listing Provided By | Compass | Perry Riani |
Features
| Car Port | Yes |
|---|---|
| Units | 4 |
| Acreage | 0.17 |
| Property View | Yes |
Interior
| Heating | Forced Air |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Gas Water Heater, Dryer, Washer |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Back Yard, Street Level |
Parking
| Parking Features | Assigned, Carport |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Community Name | LAKESHORE/GRAND |
| Listing VS Median (in LAKESHORE/GRAND) | |
Price: $1,495,000 low | high Med: $0 On site: 106 low | high Med: | |
Market Activity 94606
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Community Name | LAKESHORE/GRAND |
| Listing VS Median (in LAKESHORE/GRAND) | |
Price: $1,495,000 low | high Med: $0 On site: 106 low | high Med: | |
 | $1,485,000459 Stow AveOakland, CA 94606 |