Active
346 Hanover Avenue
Oakland CA, 94606
$8,500,000
$313.34 per sqft
Active
30 Beds
27,127 sqft
Multi-family
Built in 1965
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.
424014127
MLSⓇ ID
January 12, 2024
Listed
November 22, 2024
Updated
Map
346 Hanover Avenue
Oakland CA, 94606
Interior Features
Total Stories
0
Bedrooms
30
Interior Features
Formal Entry
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.26 Acres
Lot Features
Landscape Front
Other Property Details
Area Name
Oakland Zip 94606
Garage
No
Parking Total
0
View
No
County
Alameda
Pool
No
Listed by Michael H Young with Intero Real Estate
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. Data last updated on 11/22/2024.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brian Anderson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 10:52 PM UTC, 11/22/2024