339 Hanover Ave, Oakland, CA 94606

← Back to search

$1,495,000

bedrooms

bathrooms

4.5

square feet

4,190

Acreage

Open Houses

Jun 1

year built

1910

Full Baths

Half Baths

Find out more

Experience the best of Oakland living with this stately and versatile multi-family residence 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 over $138,000/yr with a currently projected cap rate of 6% for the savvy investor seeking a high-demand location. It has previously been 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. 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. Open Next Sunday 5/31 2-4pm and Next Monday 6/1 11a-1p.

Location
Subdivision	-
County	-
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

Jun

Monday

2PM — 4PM

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Mercury News, Perry Riani, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: -

Listing agent: Perry Riani

Listing broker: Compass

Last update: Saturday, May 23 2026 at 3:28 p.m. EDT

Compass Broker