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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 1,495,000

Est. payment | -/mo

7,248 Sqft Lot

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$ 1,495,000

Est. payment | -/mo

Save Virtual Tour

7,248 Sqft Lot

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Perry Riani Compass #01402540

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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339 Hanover Ave Oakland, CA 94606