Map of Property

346 Hanover Ave

346 Hanover Ave, Oakland, CA 94606

  • For Sale $8,500,000
  • 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

Contacts

broker

Yuan Chang Is this you?

Intero Commercial

(408) 417-0099

broker

Michael Young Is this you?

Intero Commercial

(415) 866-6470

Location

Getting Around

  • Walk Score ®

    91/100 Walker's Paradise

  • Transit Score ®

    64/100 Good Transit

  • Bike Score ®

    80/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • Leaning Tower of Pizza

    0.15 miles

  • Casa Vallarta

    0.19 miles

  • Subway

    0.21 miles

  • Anh Dao

    0.21 miles

  • L&S Fish and Chips

    0.22 miles

  • Church's Chicken

    0.24 miles

  • Pho King

    0.26 miles

  • Tasty Bowl

    0.26 miles

  • Portal

    0.32 miles

  • Rockin Crawfish

    0.33 miles

  • Cleveland Elementary School

    0.37 miles

  • Dewey Academy

    0.58 miles

  • Bridge Academy

    0.60 miles

  • La Esquelita Education Center

    0.62 miles

  • La Esquelita Elementary School

    0.64 miles

  • Metwest High School

    0.65 miles

  • Franklin Elementary School

    0.68 miles

  • Bella Vista Elementary School

    0.73 miles

  • Oakland High School

    0.79 miles

  • Saint Paul's Episcopal School

    0.80 miles

  • The Lake School

    0.09 miles

  • Laney College Child Care Center

    0.69 miles

  • East Bay Academy

    0.74 miles

  • Little Stars Pre-School

    0.78 miles

  • Starlite Child Development Center

    0.85 miles

  • Family Bridges Lake Merritt Child Care Center

    0.93 miles

  • Small Trans Depot

    0.96 miles

  • New Day Preschool

    1.17 miles

  • Snow White Pre School

    1.45 miles

  • Beach Schoolmates

    1.45 miles

Frequently Asked Questions

What is the lease rate for 346 Hanover Ave?

Rental asking rate at 346 Hanover Ave is $4,250,000.00/YR.

What is the total square footage of 346 Hanover Ave?

346 Hanover Ave totals 27,127 square feet.

When was this property built?

346 Hanover Ave was built in 1965.

Looking for more in-depth information on this property?

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