About 339 Hanover Ave
Experience the best of Oakland living with this stately and versatile multi-family residence with a 3BD 1.5BA Owner's Unit 341 to be delivered vacant, nestled in the heart of the vibrant Cleveland Heights neighborhood. This impressive property blends early 20th-century architectural character with the spaciousness and flexibility required for today’s urban lifestyle. Featuring 3 spacious multi-bedroom units and a bonus studio cottage, off street parking, basement laundry and storage and ~ 4,190 sqft of living space on a 7,250 sqft lot, the property is yielding a solid gross income of $132,356/yr with a currently projected cap rate of 6.4% for the savvy investor seeking a high-demand location. It is an ideal owner-occupant home with great rental income, and could serve in the future as a great multi-generational living setup with a large level yard and decks. Unit 341, the vacant owner's unit, has 3 bedrooms 1.5 baths with its own deck, parking and direct access to the shared yard. Situated just a block from the iconic Lake Merritt and Lakeside parks, 339 Hanover puts you at the center of it all with multi-cultural dining options, Trader Joe's and all the amenities of Grand and Lakeshore Avenues, downtown Oakland and nearby Jack London Square. Commuting is a breeze with close proximity to AC Transit, Lake Merritt BART, and major freeways to San Francisco and greater East Bay.
Features of 339 Hanover Ave
| MLS® # | 41134984 |
|---|---|
| Price | $1,495,000 |
| Bedrooms | 8 |
| Square Footage | 4,190 |
| Acres | 0.17 |
| Year Built | 1910 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Pending |
Community Information
| Address | 339 Hanover Ave |
|---|---|
| Subdivision | LAKESHORE/GRAND |
| City | Oakland |
| County | Alameda |
| State | CA |
| Zip Code | 94606 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Carport - 2 Or More, Assigned |
| View | Lake |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Storage Area(s) |
|---|---|
| Appliances | Dryer, Washer, Gas Water Heater |
| Heating | Forced Air |
| Cooling | No Air Conditioning |
| Fireplace | No |
Exterior
| Exterior Features | Back Yard, Yard Space |
|---|---|
| Lot Description | Level, Back Yard |
| Construction | Stucco |
Additional Information
| Date Listed | May 15th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Perry Riani |
|---|---|
| Office | Compass |