262 Hanover Ave new Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94606
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Crocker/Glenview
MLS Listing ID 41114763
Year Built 1962
Lot Size 4,159 Sqft
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
Exterior
View Y/N Yes
View Lake
Roof Type Composition