Lakeshore/Grand Real Estate

Lakeshore/Grand Real Estate

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Newest Listings in Lakeshore/Grand

$1,495,000
41134984 MLS
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.

339 Hanover Ave, Oakland

Listing courtesy of Perry Riani from Compass. 510-813-3799

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