Map of Property

346 Hanover Ave

For Sale

346 Hanover Ave, Oakland, CA 94606

This Oakland property for sale is located at 346 Hanover Ave. The current listed sale price for 346 Hanover Ave is $8,500,000. 346 Hanover Ave is situated on a lot that is 11 acre in size.

Contacts

broker

Yuan Chang

Intero Commercial

(408) 417-0099

broker

Michael Young

Intero Commercial

(415) 866-6470

Property Details

  • Property Type Special
  • Property Size 27,127 SF
  • Lot Size 11 Acre
  • Year Built 1965
  • Date Updated Apr 5, 2024

346 Hanover Ave presents a prime investment opportunity in Oakland's vibrant rental market. Located just two blocks from Lake Merritt, this meticulously maintained 22-unit apartment building offers stable returns and long-term value for investors. Recent upgrades, including exterior renovations and updated interiors in select units, enhance the property's appeal. 346 Hanover Ave promises a hassle-free ownership experience in one of Oakland's most sought-after neighborhoods.

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

Assume-able loan at a 2.77% interest rate

Capital expenditure passthroughs fully complete

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 91/100

    Walk Score ®

  • 64/100

    Transit Score ®

  • 80/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Oakland, CA
  • Neighborhood Cleveland Heights
  • Zip Code 94606
  • Market Bay Area

Points of Interest

  • Lake Merritt

    0.88 miles

  • 19th Street Oakland

    1.07 miles

  • 19th Street BART Street Elevator

    1.07 miles

  • Oakland City Center - 12th Street

    1.16 miles

  • Oakland-Jack London Square

    1.30 miles

  • MacArthur

    2.03 miles

  • Fruitvale

    2.40 miles

  • West Oakland

    2.45 miles

  • Rockridge

    2.92 miles

  • Emeryville

    3.46 miles

  • Shell

    0.50 miles

  • True Zero

    0.54 miles

  • Chevron

    0.54 miles

  • 76

    0.59 miles

  • ChargePoint

    0.71 miles

  • Betts Lakeshore Chevron

    0.78 miles

  • Alameda County Fueling Station

    0.83 miles

  • eVgo

    0.93 miles

  • Shell

    1.07 miles

  • 76

    1.10 miles

  • Regeneration Church

    0.40 miles

  • State of California

    0.50 miles

  • Lake Chalet Parking

    0.60 miles

  • Trader Joe's Parking Garage

    0.63 miles

  • Lake Chalet Valet Parking

    0.64 miles

  • Sun Sang Supermarket

    0.65 miles

  • Scottish Rite Center Parking

    0.67 miles

  • Lake Chalet Employee Parking

    0.68 miles

  • Disabled Parking Lot

    0.73 miles

  • Museum Parking Garage

    0.77 miles

  • Americas Best Value Inn

    0.50 miles

  • Civic Center Lodge

    0.95 miles

  • Continental Lodge

    0.95 miles

  • The Empyrean Towers

    1.01 miles

  • Homewood Suites by Hilton Oakland-Waterfront

    1.01 miles

  • Ramada by Wyndham Oakland Downtown City Center

    1.07 miles

  • Trending Inn

    1.07 miles

  • Hampton Inn

    1.10 miles

  • Kissel Uptown Oakland - In the Unbound Collection by Hyatt

    1.15 miles

  • Best Western Plus Bayside Hotel

    1.16 miles

  • Lucky

    0.27 miles

  • Trader Joe's

    0.61 miles

  • Lakeshore Natural Foods

    0.68 miles

  • Nature's Best Food

    0.80 miles

  • hk outlets

    0.90 miles

  • Whole Foods Market

    0.91 miles

  • Hometown Grocery

    0.98 miles

  • E & M Food Market

    0.98 miles

  • Won Kee Supermarket

    1.04 miles

  • Safeway

    1.06 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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