339 Hanover Ave, Oakland, CA 94606
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
Listed by: perry riani, jennie a. flanigan
Office: compass
MLS#:41134984
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,495,000
- Price per sq. ft.:$356.8
About this home
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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Home facts
- Year built:1910
- Subdivision & Development:Lakeshore/Grand
- Listing ID #:41134984
- Added:91 day(s) ago
- Updated:August 15, 2026 at 05:56 AM
Rooms and interior
- Flooring:Hardwood, Partial Carpeting, Tile
- Living area:4,190 sq. ft.
Heating and cooling
- Cooling:No Air Conditioning
- Heating:Forced Air
Structure and exterior
- Roof:Composition Shingles, Rolled/Hot Mop
- Year built:1910
- Building area:4,190 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Level
- Construction Materials:Stucco
- Exterior Features:Back Yard
Utilities
- Water:Public
Finances and disclosures
- Price:$1,495,000
- Price per sq. ft.:$356.8
Features and amenities
- Appliances:Dryer, Gas Water Heater, Washer
- Laundry features:Dryer, In Basement, Washer
- Amenities:Gas Water Heater
Parking
- Parking description:2 Or More Carports, Assigned
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