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Listed by Timothy Warren • NAI Northern California
$ 1,575,000
Est. payment /mo
New
262 Hanover Ave Oakland, CA 94606
4,656 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,656 sqft
Price per Sqft $338
Subdivision Crocker/Glenview
MLS Listing ID 41114763
HOA Y/N No
Year Built 1962
Lot Size 4,160 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
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
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile, Carpet
Fireplace No
Exterior
View Lake
Building
Lot Description Rectangular Lot
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