331 Hanover Avenue

Oakland, CA 94606

$2,200,000
Last Sold Price
Beds
7,092 Sq. Ft.
$310 / Sq. Ft.
7,092
Sq. Ft.
$310
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.

Listing Agents

  1. Patricia Bennett

    Patricia Bennett

    Listing Agent

    Compass

    DRE #00903396

  2. Jeffrey Neidleman

    Jeffrey Neidleman

    Listing Agent

    Compass

    DRE #01309500

  3. Jeffrey Neidleman

    Jeffrey Neidleman

    Alternative Listing Agent

    Compass

    DRE #01309500

Property Details for 331 Hanover Avenue

City
OAKLAND
Dist Neighborhood Subdiv
LAKE MERRITT
Building Type
5 or More Units
Property Sub 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, Patricia Bennett, DRE #00903396; Compass, Jeffrey Neidleman, DRE #01309500; Compass, Jeffrey Neidleman, DRE #01309500

Sold By Marcus & Millichap, Eymon Binesh, DRE #02060059

Add your commute
LISTING UPDATED: 01/18/2023 02:00 AM

Property Details for 331 Hanover Avenue

StatusSold
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 Size0.17 AC / 7,250 SF
CountyAlameda County

Location

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

Sold By Marcus & Millichap, Eymon Binesh, DRE #02060059

Add your commute

Virtual Tour

Building Information for 331 Hanover Avenue

Stories-Residences10Year Built1952Building Size-Lot Size0.17 AC / 7,250 SF

Payment Calculator

$15,196 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

$3,190

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
  • Rooms Total: 0
  • Additional Rooms: Basement - Storage Area
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public, Sewer Connected
Lot / Property Details
Home Owners Association
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Level
  • Lot Sq Ft Apx: 7250
  • Lot Size Square Feet: 7250.0
  • Roof: Rolled Composition
  • Sq Ft Apx: 7092
  • Stories: 0.0
  • Year Built: 1952
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
  • Units Total: 10
  • 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
Unit 1
  • Unit 1 # Units This Type?: 8
  • Unit # 1 Occupied By: Vacant
  • Unit # 1 Dining Room: Yes
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 630
Unit 5
  • Unit 5 # Units This Type?: 2
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 2
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Parking Spaces: 1
  • Unit # 5 Approx SqFt: 880
  • Unit # 5 Rent: 1689
Building Details
  • Additional Features-Misc: Extra Storage
  • Apx Lot Acres: 0
  • Inspection Reports Available: Structural Pest Control
  • Managers Unit: No
  • On Site Parking Description: Carports - 2 Or More, Covered Parking, Tandem Parking, Uncovered Parking Space
Income / Expense Details
  • Gross Rent Multiplier: $0
Other Financial Information
  • Cap Rate: 0.0
  • Existing Loan: None
  • Ocpnt Req 24 Hr: No
Additional Information
Additional Information
  • Fireplace: 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$660,000Additions$1,535,000Total$2,195,000
Tax Record2023$38,279 ($3,190 / month)
Home Facts
Total Finished SqFt7,092 SqFtAbove Grade Finished SqFt7,092 SqFtStories2Lot Size7,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1952CountyALAMEDAAPN22-309-13

Schools near 331 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

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Similar Sold Homes

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

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.