331 Hanover Avenue

Oakland, CA 94606

$2,250,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

331 Hanover is a ten-unit multifamily property located a block from Lake Merritt. The property consists of eight (8) 1-bedroom, 1-bathroom apartments of 630 sq ft. each, per recent appraisal, and two (2) 2-bedroom, 1-bathroom apartments of 880 sq ft. Improvements include some newer windows and exterior paint, very nicely landscaped walkway. Unit interiors feature hardwood floors, some bath updates. Amenities include tenant storage lockers, and some views in rear upper floor units. The building includes...331 Hanover is a ten-unit multifamily property located a block from Lake Merritt. The property consists of eight (8) 1-bedroom, 1-bathroom apartments of 630 sq ft. each, per recent appraisal, and two (2) 2-bedroom, 1-bathroom apartments of 880 sq ft. Improvements include some newer windows and exterior paint, very nicely landscaped walkway. Unit interiors feature hardwood floors, some bath updates. Amenities include tenant storage lockers, and some views in rear upper floor units. The building includes a covered 5-car carport and driveway for 5 additional tandem vehicles. Community laundry is an additional revenue source. Excellent location with tremendous upside potential.

Property Details for 331 Hanover Avenue

City
OAKLAND
Dist Neighborhood Subdiv
LAKE MERRITT
Building Type
5 or More Units
Garage Spaces
0
Garage/Parking
Tandem Parking
View
Hills
Total # Parking Spaces
5

Location

Listing Courtesy of Compass, Patricia Bennett and Jeffrey Neidleman, DRE #00903396; Compass, Jeffrey Neidleman, DRE #01309500; Compass, Patricia Bennett, DRE #00903396
Add your commute
LISTING UPDATED: 09/21/2022 06:22 PM

Property Details for 331 Hanover Avenue

StatusPending
MLS #41006186
Days on Compass14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1952
Lot Size-
CountyAlameda County

Location

Listing Courtesy of Compass, Patricia Bennett and Jeffrey Neidleman, DRE #00903396; Compass, Jeffrey Neidleman, DRE #01309500; Compass, Patricia Bennett, DRE #00903396
Add your commute

Virtual Tour

Listing Agents

  1. Jeffrey Neidleman

    Jeffrey Neidleman

    Listing Agent

    Compass

    DRE #01309500

  2. Patricia Bennett

    Patricia Bennett

    Listing Agent

    Compass

    DRE #00903396

Building Information for 331 Hanover Avenue

Stories-Residences-Year Built1952Building Size-Lot Size-

Payment Calculator

$11,879 per month

30 year fixed, 5.89% Interest

Principal and Interest

$10,665

Property Taxes

$1,214

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 331 Hanover Avenue

Features
    Feature Details
  • Flooring: Hardwood Floors, Vinyl
  • Laundry: Coin Operated, Community Facility, In Basement, Laundry Equip - Leased, Inside Area, Sink
  • Disability Features: Other
    Room Details
  • Additional Rooms: Basement - Storage Area
    Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public, Sewer Connected
Lot / Property Details
    Property Details
  • Additional Equipment: Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Level
  • Roof: Rolled Composition
  • Stories: 0.0
    Location Details
  • Directions to Property: Park Blvd., Newton, Hanover
  • FIPS Code: 06001
  • Census Tract: 4053.01/
  • Parcel Number: 22-309-13
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
    General Details
  • All Units Have: Oven Range Free Standing, Refrigerator
  • Some Units Have: Updated Baths
  • Basement: Storage Area
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Property Manager
    Income / Expense Details
  • Operating Expenses: Accounting/Legal, Electric, Gas, Insurance, License/Ads, Maintenance/Repair, Management, Property Tax/Assessments, Trash Removal, Vacancy Factor, Water
Multi Family 5+ Information
    Building Details
  • Additional Features-Misc: Extra Storage
  • Apx Lot Acres: 0
  • Apx Lot Sq Ft: 7250
  • Inspection Reports Available: Structural Pest Control
  • Managers Unit: No
  • On Site Parking Description: Carports - 2 Or More, Covered Parking, Tandem Parking, Uncovered Parking Space
  • Tot Bldg Sq Ft: 7092.0
    Unit 1 Information
  • Unit # 1 Approx SqFt: 630
  • Unit # 1 Dining Room: Yes
  • Unit # 1 Occupied By: Vacant
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Range Oven: Yes
  • Unit # 1 Refrigerator: Yes
  • Unit 1 # Units This Type?: 8
    Unit 5 Information
  • Unit # 5 Approx SqFt: 880
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 Parking Spaces: 1
  • Unit # 5 Range Oven: Yes
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Rent: 1689
  • Unit 5 # Units This Type?: 2
    Income / Expense Details
  • Gross Rent Multiplier: $0
    Other Financial Information
  • Cap Rate: 0.0
  • Existing Loan: None
  • Ocpnt Req 24 Hr: No

Property History for 331 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 331 Hanover Avenue

Taxable ValueLand$555,146Additions$124,528Total$679,674
Tax Record2021$14,571 ($1,214 / month)
Home Facts
Total Finished SqFt7,092 SqFtAbove Grade Finished SqFt7,092 SqFtStories2Lot Size7,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1952Year Renovated1952CountyALAMEDAAPN22-309-13

Schools near 331 Hanover Avenue

This home is within Oakland Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
RatingSchoolDistance
Cleveland Elementary School
PublicK to 5

Edna Brewer Middle School
Public6 to 8

Oakland High School
Public9 to 12

Dewey Academy
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. OriginPoint LLC is an affiliate of the Compass companies (OriginPoint LLC and Compass, each an “Affiliate”). As Affiliates, any referral by one Affiliate to the other may provide the referring company, its affiliates, and/or their employees with a financial or other benefit. You are not required to use OriginPoint and are free to shop around and compare the terms of other providers.

Listing Courtesy of Compass, Patricia Bennett and Jeffrey Neidleman, DRE #00903396; Compass, Jeffrey Neidleman, DRE #01309500; Compass, Patricia Bennett, DRE #00903396

Based on information from the San Francisco Association of Realtors as of 08/27/2022 12:00 AM, the MLSListings MLS as of 08/27/2022 12:00 AM, or the BAREIS MLS as of 08/27/2022 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 09/21/2022 06:22 PM