Experience the best of Oakland living at 339 Hanover Avenue, a 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.

Property Highlights

• Generous Scale: Spanning approximately 4,190 sq. ft. of living space plus a detached cottage, on an expansive 7,250 sq. ft. lot with up to 4 parking spaces, basement storage and laundry, this property offers rare volume and room to breathe.
• Versatile Layout: Featuring 3 spacious multi-bedroom units and a bonus studio cottage, the property is yielding solid gross income of over $138,000/year 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. Unit 339: a ground floor 3 bedroom with period architecture. Unit 341 is a quiet rear 2 level 3 bedroom with deck. Unit 343 is an upper level 2 bedroom w/ balcony/lake view. Bonus: A detached rear ground level studio cottage.
• Vintage Soul: Built in 1910, the home retains its historic allure while providing a solid canvas for modern upgrades and personal touches.
• Outdoor Potential: The oversized lot provides ample space for gardening, entertaining, or establishing an ADU (Accessory Dwelling Unit).

Location!

Situated just blocks from the iconic Lake Merritt, 339 Hanover puts you at the center of it all.

• Nature & Recreation: Enjoy morning jogs around the lake or weekend picnics at Lakeside Park.
• Dining & Culture: Minutes away from the trendy eateries, boutiques, Trader Joe’s and farmers' markets of Lakeshore and Grand Avenue, downtown Oakland and nearby Jack London Square
• Commuter’s Dream: Easy access to AC Transit, BART, and major freeways makes commuting to San Francisco or across the East Bay a breeze.

Don’t miss this rare opportunity to own a piece of Oakland’s history in one of its most coveted pockets. Whether you're looking for a future grand primary residence with income potential or a strategic addition to your investment portfolio, 339 Hanover is ready for its next chapter.

Open Sunday 5/17 2-4pm and Monday 5/18 11a-1p.