FOR SALE0.26 ACRES
346 Hanover Ave
Oakland, CA 94606
Cleveland Heights
Studio
27,127 sqft (on 0.26 acres)
- Studio
- 27,127 sqft (on 0.26 acres)
Studio
27,127 sqft
(on 0.26 acres)
Local Information
© Google
-- mins to
Commute Destination
Description
Assumeable loan currently at a 2.77% interest rate. Invest in a vibrant, turnkey multifamily property ideally positioned near Lake Merritt and Oakland's cultural hub. The ASIA Group Commercial proudly presents 346 Hanover Ave, a meticulously maintained 22-unit apartment building offering an exceptional opportunity for investors seeking stable returns and long-term value. Nestled in the Peralta Heights neighborhood, just two blocks from iconic Lake Merritt, this five-story building boasts unparalleled convenience and a dynamic atmosphere. Offered at 3.69% cap rate, five story building with parking on the ground level (gated) and four stories above. 15 one bedroom, 6 two bedroom, 1 three bedroom; on-site laundry. 100% occupied, all rents current. Built in 1965, extensive renovations completed in 2017. Capital expenditure passthroughs fully complete. Experienced property management in place.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$313
Listed
48 days ago
Home Details for 346 Hanover Ave
Interior Features |
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Interior Details Number of Rooms: 74 |
Dimensions and Layout Living Area: 27127 Square Feet |
Windows, Doors, Floors & Walls Window: Skylight(s) |
Levels, Entrance, & Accessibility Levels: Five or More |
View No View |
Exterior Features |
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Parking & Garage No CarportNo GarageNo Open Parking |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 48 |
Property Information |
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Year Built Year Built: 1965 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New Construction |
Property Information Condition: Updated/RemodeledParcel Number: 0210227008 |
Price & Status |
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Price List Price: $8,500,000Price Per Sqft: $313 |
Active Status |
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MLS Status: Active |
Media |
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Location |
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Direction & Address City: Oakland |
Agent Information |
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Listing Agent Listing ID: 424014127 |
Building |
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Building Area Building Area: 27127 Square Feet |
HOA |
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Association for this Listing: San Francisco Association of REALTORSHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 0.26 acres |
Listing Info |
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Special Conditions: Offer As Is |
Mobile R/V |
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Mobile Home Park Mobile Home Units: Feet |
Compensation |
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Buyer Agency Commission: 1.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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Are Units Furnished: None |
Miscellaneous |
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Mls Number: 424014127Listing Url |
Last check for updates: about 1 hour ago
Listing courtesy of Michael H. Young DRE #02003601, (415) 866-6470
Intero Real Estate, (510) 651-6500
Originating MLS: San Francisco Association of REALTORS
Source: SFAR, MLS#424014127
Price History for 346 Hanover Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 03/12/2024 | $8,500,000 | Listed For Sale | SFAR #424014127 |
| 08/20/2021 | $7,400,000 | Sold | N/A |
| 05/19/2021 | ListingRemoved | SFAR #421520571 | |
| 02/17/2021 | $7,650,000 | Listed For Sale | SFAR #421520571 |
| 07/27/2007 | $3,150,000 | Sold | N/A |
| 10/05/2006 | $2,385,000 | Sold | N/A |
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Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | $120,526 |
| Assessment | $7,547,910 |
Home facts updated by county records
Comparable Sales for 346 Hanover Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Multi-Family Home | $2,200,000 | 09/25/23 | - | 5,250 | ||
0.17 | Multi-Family Home | $1,730,000 | 06/10/23 | 5 | 5 | 3,646 | |
0.09 | Multi-Family Home | $1,275,000 | 01/05/24 | 6 | 3 | 2,700 | |
0.09 | Multi-Family Home | $1,450,000 | 02/16/24 | 5 | 4 | 2,622 | |
0.07 | Multi-Family Home | $1,150,000 | 08/30/23 | 3 | 2 | 1,800 | |
0.41 | Multi-Family Home | $2,075,000 | 05/04/23 | 5 | 3 | 2,898 | |
0.12 | Multi-Family Home | - | 12/22/23 | 3 | 2 | 4,656 | |
0.24 | Multi-Family Home | - | 01/18/24 | 1 | 6,386 | ||
0.38 | Multi-Family Home | $900,000 | 02/20/24 | - | 5,176 | ||
0.18 | Multi-Family Home | - | 09/22/23 | 8 | 5 | 5,205 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Cleveland Heights
- Trulia User
- Resident
- 2y ago
"I love this place ❤️I want to live in this area these . My daughters like to live in this área , this place is amazing and me too thank you so much for everything."
- Trulia User
- Resident
- 2y ago
"Good place to live and hang out. There's mostly apartment buildings in this neighborhood, so not great for people wanting to buy a house. if you are a chill person or couple you'll like it here. "
- Trulia User
- Resident
- 2y ago
"I’ve lived in this neighborhood for 7 years and love it. We all know one another and lakeshore and Lake Merritt are close by. "
- Trulia User
- Resident
- 2y ago
"It’s a great place to walk with or without a dog. The views and homes are beautiful. There also many historic homes in this area. "
- Carlyniccolelund
- Resident
- 3y ago
"It is a very quiet, neighborly place. I feel very safe walking my dogs at night and everyone always says hello when passing by."
- Dennis A.
- Resident
- 3y ago
"Not much from the neighbors themselves, but lots going on around the lake that’s accessible from here. "
- Katelynpcabot
- Resident
- 3y ago
"Great for dog walks but hard to have off leash! The traffic varies, off the main streets is much safer than along lake shore etc "
- Savannah L.
- Resident
- 4y ago
"There are multiple parks available in addition to walking by the lake. Lots of other dog owners around."
- M.mkonu
- Resident
- 4y ago
"It has got crowded here over the last few years - traffic is worse, parking is impossible - especially evenings around the neighborhood."
- Brandon Y.
- Resident
- 4y ago
"this area is great for families with young kids. lot's of good parks to go hang out at. This is not a super trendy area area, there are a few things to do, but if you want fancy food, you'll have to leave the neighborhood to get it. "
- Heathervanatta
- Resident
- 5y ago
"Everything is within walking distance farmers market is close by there’s a movie theater here neighbors are really friendly lake is beautiful"
- Kally Price
- Resident
- 5y ago
"It is very close to the freeway, which means you can hear it too. There are a few bus stops including the transbay bus nearby. "
- Veronica M.
- Resident
- 5y ago
"Like! It’s by the lake with lots of other friendly dogs. People run around the lake with their dogs. Very dog friendly neighborhood. "
- Josephe c.
- Resident
- 5y ago
"Super cute neighborhood with apartments and houses. Grocery shopping, coffee shops, and restaurants all within walking distance. "
- Karen C.
- Resident
- 5y ago
"Great access to the transbay bus and NL bus that goes to 19th Street BART, but a 30+ minute walk to either Lake Merritt or 19th Street BART."
- Dallasdotter
- Resident
- 5y ago
"Short bike ride or catch AC Tranit to downtown Oakland (~15 minutes). Sometimes take Bart from there to the city (another 15-20 minutes)."
- Snfpatrick
- Resident
- 5y ago
"It feels like I’m out of the city at night which I like because it’s quiet and I wish I wasn’t living in the city at all "
- Aprille F.
- Resident
- 5y ago
"I have lived here 13 years. I have seen it change so much in recent years. It is getting crowded, but it is still a luxury to be close to all the happenings of Oakland and a stone’s throw from the lake. It has been good to me, this ‘hood!"
- Sue G.
- Visitor
- 5y ago
"It’s close to Lake Merritt, which is an oasis in the city of Oakland! Love Oakland. Love the neighborhood."
- chezrachel
- 9y ago
"I live in this neighborhood. It's a wonderful area, in walking distance of restaurants, shops, and the beautiful Lake Merritt."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Michael H. Young, Intero Real Estate
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
346 Hanover Ave, Oakland, CA 94606 is a studio, 27,127 sqft multi-family built in 1965. 346 Hanover Ave is located in Cleveland Heights, Oakland. This property is currently available for sale and was listed by SFAR on Mar 12, 2024. The MLS # for this home is MLS# 424014127.