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In-PersonVirtual Tour
$1,495,000
Est. payment /mo
7,248 Sqft Lot
Open House
Wed Jul 08, 12:00pm - 12:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Lakeshore/Grand
MLS Listing ID 41134984
HOA Y/N No
Year Built 1910
Lot Size 7,248 Sqft
Property Sub-Type Triplex
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 $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. Unit 341 with 3 bedrooms 1.5 baths is coming available 8/1 and is an ideal owner occupancy unit. 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. Showing Wednesday 7/8 noon sharp!!
Location
State CA
County Alameda
Interior
Heating Forced Air
Flooring Carpet, Tile, Wood
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Parking Features Assigned, Carport
View Y/N Yes
View Lake
Roof Type Composition,Shingle
Total Parking Spaces 3
Building
Lot Description Back Yard, Street Level
Others
Tax ID 2230911
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Virtual Tour https://sites.listvt.com/mls/246460896
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Listed by Perry Riani Compass #01402540
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