About 262 Hanover Ave
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.
Features of 262 Hanover Ave
| MLS® # | 41114763 |
|---|---|
| Price | $1,575,000 |
| Square Footage | 4,656 |
| Acres | 0.10 |
| Year Built | 1962 |
| Type | COMM RI MULTI-UNITS 5+ |
| Sub-Type | 5 or More Units |
| Status | Active |
Community Information
| Address | 262 Hanover Ave |
|---|---|
| Subdivision | CROCKER/GLENVIEW |
| City | Oakland |
| County | Alameda |
| State | CA |
| Zip Code | 94606 |
Amenities
| Utilities | Individual Electric Meter, Individual Gas Meter |
|---|---|
| Parking | Covered, Assigned, Space Per Unit - 1 |
| View | Lake |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Storage |
|---|---|
| Heating | Wall Furnace |
| Cooling | None |
| Fireplace | No |
Exterior
| Lot Description | Rectangular Lot |
|---|---|
| Roof | Composition |
| Construction | Stucco |
Additional Information
| Date Listed | October 15th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Timothy Warren |
|---|---|
| Office | NAI Northern California |