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Listed by Timothy Warren • NAI Northern California
$1,575,000
Est. payment /mo
4,656 SqFt
Pending
262 Hanover Ave Oakland, CA 94606
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 4,656 sqft
Price per Sqft $338
MLS Listing ID EB41114763
Year Built 1962
Lot Size 4,160 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
262 Hanover Avenue is a six-unit apartment building ideally located just steps from Lake Merritt in Oakland's desirable Cleveland Heights neighborhood. The property features a balanced unit mix of two (2) spacious two-bedroom/one-bath units and four (4) one-bedroom/one-bath units, some of which offer views of Lake Merritt. Each apartment includes a fireplace and an oversized bathroom with both a soaking tub and a stand-up shower. Recent capital improvements include a seismic retrofit, a new roof, and interior unit upgrades. Additional amenities include secured parking with six covered spaces, an on-site laundry facility, and tenant storage lockers. The property also offers assumable seller financing at a 5.00% interest rate, providing excellent day-one cash flow and an attractive opportunity for investors seeking a stabilized, well-located asset in one of Oakland's most vibrant submarkets.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile, Carpet - Wall to Wall
Exterior
Exterior Feature Stucco
Parking Features Assigned Spaces, Spaces per Unit - 1
Garage Spaces 6.0
View Lake
Roof Type Rolled Composition
Building
Lot Description Regular
Sewer Sewer - Public
Others
Special Listing Condition Not Applicable
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