346 Hanover Ave

Oakland CA 94606

27127 sq. ft.

11399.65 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

30 bedrooms

27127 sq. ft. floor area

11399.65 sq. ft. lot size

Multi-Family

Property history for 346 Hanover Ave

2021

Sold

$7,450,000

20 Aug 2021 by Christopher Smith, of Shamrock Real Estate Company

2006

Sold

$850,440

15 Sep 2006

Happy sellers in Oakland

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Local market activity for 30 bedroom multi families in Oakland

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Michael Young

at Intero Real Estate

View listing

Sales:: (619) 566-0008

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