291 Hanover Avenue

Oakland, CA 94606

$1,515,000
Last Sold Price
Beds
4,728 Sq. Ft.
$320 / Sq. Ft.
4,728
Sq. Ft.
$320
per Sq. Ft.

Description

Great investment opportunity 1 block to Lake Merritt. Front building (4plex) has very spacious 1 bdrm units. Rear building is a 2 bdrm unit. Convenient to Downtown and just minutes to Lakeshore/Grand Ave shopping/restaurants.Great investment opportunity 1 block to Lake Merritt. Front building (4plex) has very spacious 1 bdrm units. Rear building is a 2 bdrm unit. Convenient to Downtown and just minutes to Lakeshore/Grand Ave shopping/restaurants.
  1. Listed by BRUCE CHAMBERS • DRE #00776842 • VALVA REALTY COMPANY

Property Details for 291 Hanover Avenue

City
OAKLAND
Building Type
Lowrise (1-3 Flrs)
Property Sub Type
Lowrise (1-3 Flrs)
Total # Parking Spaces
5

Location

Listing Courtesy of VALVA REALTY COMPANY, BRUCE CHAMBERS, DRE #00776842

Sold By NICHOLAS MYERHOFF, BROKER, NICHOLAS MYERHOFF, DRE #01866318

Add your commute
LISTING UPDATED: 02/17/2021 09:57 AM

Property Details for 291 Hanover Avenue

StatusSold
MLS #40922535
Days on Compass90
Taxes$23,800 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Lowrise (1-3 Flrs)
Year Built1924
Lot Size0.17 AC / 7,200 SF
CountyAlameda County

Location

Listing Courtesy of VALVA REALTY COMPANY, BRUCE CHAMBERS, DRE #00776842

Sold By NICHOLAS MYERHOFF, BROKER, NICHOLAS MYERHOFF, DRE #01866318

Add your commute

Building Information for 291 Hanover Avenue

Stories-Residences5Year Built1924Building Size-Lot Size0.17 AC / 7,200 SF

Payment Calculator

$10,251 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,268

Property Taxes

$1,983

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 291 Hanover Avenue

Features
Feature Details
  • Flooring: Hardwood Floors, Linoleum, Partial Carpeting
  • Laundry: Coin Operated, In Garage
Room Details
  • Additional Rooms: Basement - Partial
Utility Details
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
  • Energy Saving Feature: None
Lot / Property Details
Property Details
  • Additional Equipment: Dryer, Washer
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Frame
  • Lot Description: Up Slope
  • Lot Sq Ft Apx: 7200
  • Lot Size Square Feet: 7200.0
  • Roof: Unknown
  • Sq Ft Apx: 4728
  • Year Built: 1924
Location Details
  • Directions to Property: Lakeshore to Hanover
  • FIPS Code: 06001
  • Census Tract: 0
  • Parcel Number: 22-308-29
  • Printed Neighborhood Rpt: Yes
  • Board ID: OAKLAND BERKELEY
Multi Family Information
General Details
  • All Units Have: Oven Range Free Standing, Refrigerator
  • Some Units Have: Other
  • Units Total: 5
  • Basement: Partial
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas
  • Financial Data Source: Estimated, Incomplete, Owner
Income / Expense Details
  • Operating Expenses: Insurance, License/Ads, Maintenance/Repair, Property Tax/Assessments, Trash Removal, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Dining Room: No
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 800
  • Unit # 1 Rent: 2400
Unit 2
  • Unit 2 # Units This Type?: 1
  • Unit # 2 Occupied By: Vacant
  • Unit # 2 Dining Room: Yes
  • Unit # 2 Air Cond: No
  • Unit # 2 Fireplace: No
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 0
  • Unit # 2 Approx SqFt: 950
  • Unit # 2 Rent: 2400
Unit 3
  • Unit 3 # Units This Type?: 1
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Dining Room: Yes
  • Unit # 3 Air Cond: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 2
  • Unit # 3 Approx SqFt: 950
  • Unit # 3 Rent: 2300
Unit 4
  • Unit 4 # Units This Type?: 1
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 Dining Room: Yes
  • Unit # 4 Air Cond: No
  • Unit # 4 Fireplace: No
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 1
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Parking Spaces: 1
  • Unit # 4 Approx SqFt: 950
  • Unit # 4 Rent: 1675
Unit 5
  • Unit 5 # Units This Type?: 1
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 Dining Room: Yes
  • Unit # 5 Air Cond: No
  • Unit # 5 Fireplace: No
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 1
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Parking Spaces: 1
  • Unit # 5 Approx SqFt: 950
  • Unit # 5 Rent: 1575
Building Details
  • Additional Features-Misc: Garden, Lawn Sprinkler
  • Apx Lot Acres: 0
  • On Site Parking Description: Covered Parking, Parking Area, Other
  • Tot Ann Oper Exp: 48072.0
  • Total Deposits: 0
Income / Expense Details
  • Annual Exp Year: 0
  • Annual Gross Sched Income: $124,200
  • Annual Insurance Expense: $1,620
  • Annual License Expense: $2,238
  • Annual Maint Expense: $7,196
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $124,200
  • Annual Taxes: $23,800
  • Annual Util Expense: $3,418
  • Annual Vacancy: 0.0
  • Gross Income: $124,200
  • Gross Operating Actual Income: $124,200
  • Gross Rent Multiplier: 13.69
  • Net Operating Income: $76,128
  • Other Annual Expense: $9,660
Other Financial Information
  • Cap Rate: 4.47
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 291 Hanover Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 291 Hanover Avenue

Taxable ValueLand$468,180Additions$1,105,945Total$1,574,125
Tax Record2023$26,202 ($2,184 / month)
Home Facts
Total Finished SqFt4,728 SqFtAbove Grade Finished SqFt4,728 SqFtStories2Lot Size7,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1924CountyALAMEDAAPN22-308-29

Schools near 291 Hanover Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Cleveland Elementary School
PublicK to 5

Edna Brewer Middle School
Public6 to 8

Oakland High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of VALVA REALTY COMPANY, BRUCE CHAMBERS, DRE #00776842

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.