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339 Hanover Ave

Oakland, CA 94606
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Bed 8

Bed

Bath 5

Bath

SqFt7,250

Sqft(Lot)

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!!

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,495,000

AD Id : 85766133

MLS Id : 41134984

Beds : 8

Lot Size : 7,250 Sqft

Year Built : 1910

County : Alameda

Subdivision: Fallbrook

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Feature Features

  • Interior Features

    Roof: Composition, Shingle
    Appliances: Gas Water Heater, Dryer, Washer
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air

  • Building Information

    Year Built: 1910
    Construction Materials: Stucco
    Private Pool: No
    View: Lake

  • Lot Information

    Main Square Feet: 7250 Lot Size Acres: 0.1664 Lot Size Source: Public Records Lot Size Square Feet: 7,250 Lot Description: Back Yard,Street Level

    Property Information

    Subdivision: LAKESHORE/GRAND Source Property Type: Residential Income Property SubType: Triplex Property Age: 116

  • Listing Price Information

    Listing Price: $1495000
    1031 Exchange

  • Tax Information

    Parcel Number: 2230911

  • Location Information

    Direction: Cross Street: Lakeshore.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1927 E 15th Street, Oakland, CA, 94606 $900,000 -- -- 2,493 2,493 SqFt
E 22nd Street, Oakland, CA, 94606 $1,000,000 -- -- 2,961 2,961 SqFt
2731 Vallecito Place, Oakland, CA, 94606 $415,000 -- -- 1,496 1,496 SqFt
2051 23rd Ave, Oakland, CA, 94606 $695,000 9 5 --
2445 10th Avenue, Oakland, CA, 94606 $559,000 3 2 2,175 2,175 SqFt
2116 International Blvd, Oakland, CA, 94606 $1,280,000 8 5 --
9th Avenue, Oakland, CA, 94606 $989,999 -- -- 3,017 3,017 SqFt
1820 International Blvd, Oakland, CA, 94606 $699,000 5 5 --
2038 2040 Lakeshore, Oakland, CA, 94606 $2,998,880 7 5 --
1718 6th Avenue, Oakland, CA, 94606 $795,000 4 -- 2,428 2,428 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/24/2026 @ 12:43

MLS: 41134984 LISTED BY: Perry Riani, Compass 510-339-6460 SOURCE: CRMLS

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