346 Hanover Avenue
346 Hanover Avenue
$8,500,000
—
27,127
27,127
$313
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Description
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...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.
- Listed by Michael H Young • DRE #02003601 • Intero Real Estate
Property Details for 346 Hanover Avenue
Cross Street
Newton Ave
Total Parking Spaces0
Location
LISTING UPDATED: 03/13/2024 09:25 AM
Property Details for 346 Hanover Avenue
Status | Active |
---|---|
MLS # | 424014127 |
Days on Compass | 107 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1965 |
Lot Size | 0.26 AC / 11,399 SF |
County | Alameda County |
Location
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Building Information for 346 Hanover Avenue
Stories-Residences22Year Built1965Building Size-Lot Size0.26 AC / 11,399 SF
Payment Calculator
$56,432 per month
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Property Information for 346 Hanover Avenue
Property History for 346 Hanover Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 346 Hanover Avenue
Taxable ValueLand$2,040,000Additions$5,507,910Total$7,547,910
Tax Record2023$120,526 ($10,044 / month)
Home Facts
Total Finished SqFt27,127 SqFtAbove Grade Finished SqFt27,127 SqFtStories4Lot Size11,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1965CountyALAMEDAAPN21-227-8
Schools near 346 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 | ||
Aspire Lionel Wilson College Preparatory Academy Charter6 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.
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