$1,495,000

339 Hanover Ave, Oakland, CA 94606

  • 8 beds
  • 4,190 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $357/sqft
  • Property List Date Icon Listed 5 days ago

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. Open Sunday 5/17 2-4pm and Monday 5/18 11a-1p.

Listing Status:
Active
Date Added:
May 15, 2026
Data Last Updated:
May 20, 2026 at 4:09AM
Listing Office:
Compass : 510-339-6460
Listing Agent:
Perry Riani : 510-813-3799
MLS ID:
41134984
  • General: Storage Area(s)
  • Appliances: DryerWasherGas Water Heater
  • Laundry: DryerIn BasementWasher
  • Basement: PartialStorage SpaceUnfinished
  • Flooring: HardwoodPartial CarpetingTile
  • A/C: No Air Conditioning
  • Heating: Forced Air
  • Fireplace: Fireplace
  • General: Back YardYard Space
  • Parking: Carport - 2 Or MoreAssignedParking spaces: 4
  • General: Stucco
  • County: Alameda
  • Zoning: 2230911
  • View: LakeView
  • Fencing: Partial FenceFenced
  • Water: Public
  • Sewer: Public Sewer

This listing courtesy of Perry Riani , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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