346 Hanover Avenue, Oakland
Oakland Home For Sale
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.
Property Details
Essential Information
-
- MLS® #:
- 424014127
-
- Price:
- $8,500,000
-
- Bedrooms:
- 30
-
- Bathrooms:
- 0.00
-
- Square Footage:
- 27,127
-
- Acres:
- 0.26
-
- Year Built:
- 1965
-
- Type:
- Residential Income
-
- Sub-Type:
- Multi Family
-
- Status:
- Active
Community Information
-
- Address:
- 346 Hanover Avenue
-
- Area:
- Oakland Zip 94606
-
- City:
- Oakland
-
- County:
- Alameda
-
- State:
- CA
-
- Zip Code:
- 94606
Interior
-
- Interior Features:
- Formal Entry
-
- Stories:
- Five or More
Exterior
-
- Lot Description:
- Landscaped
-
- Windows:
- Skylight(s)
Additional Information
-
- Date Listed:
- January 12th, 2024
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Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. Information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.