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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Perry Riani, DRE #01402540 • Compass

$ 1,495,000

Est. payment | -/mo

8 Beds

4 Baths

4,190 SqFt

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$ 1,495,000

Est. payment | -/mo

Save Virtual Tour

8 Beds

4 Baths

4,190 SqFt

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.

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

Virtual Tour https://sites.listvt.com/mls/246460896

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

339 Hanover Ave Oakland, CA 94606