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 Sunday 5/17 2-4pm and Monday 5/18 11a-1p.
Property Details
Price:
$1,495,000
MLS #:
41134984
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Subdivision:
LAKESHORE/GRAND
Listed Date:
May 15, 2026
Lot Size:
7,250 sqft / 0.17 acres (approx)
Year Built:
1910
See this Listing
Schools
Interior
Appliances
GWH
Flooring
TILE, WOOD, CARP
Heating
FA
Laundry Features
DINC, WINC
Exterior
Construction Materials
STC
Parking Spots
3
Parking Total
3
Roof
CMP, SHN
View
LA
Financial
Map
Community
- Address339 Hanover Ave Oakland CA
- SubdivisionLAKESHORE/GRAND
- CityOakland
- CountyAlameda
- Zip Code94606
Subdivisions in Oakland
- ALAMEDA
- ALLENDALE
- ARROYO PARK
- CENTRAL STATION-PACIFIC CANNERY LOFTS
- CLEVELAND HEIGHTS
- CLINTON
- CRESTMONT
- CROCKER HGHLANDS
- CROCKER/GLENVIEW
- DIMOND
- E OAKLAND
- EAST OAKLAND
- ELMHURST
- GLENVIEW
- HARRINGTON
- HIGHLAND PARK
- HILLER HIGHLANDS
- Hoover-Foster
- JACK LONDON
- KING ESTATES
- LAKESIDE
- LAS PALMAS
- LINCOLN HIGHLAND
- LOCKWOOD
- Longefellow
- LOWER ROCKRIDGE
- MACARTHUR
- MERRIEWOOD
- MILLMONT
- MONTCLAIR
- MOSSWOOD
- NOBE
- OAK CENTER
- OAK KNOLL
- OAKLAND
- OAKLAND HILLS
- OAKLAND ZOO
- PIEDMONT BORDER
- PRESCOTT
- Prescott South
- REDWOOD HEIGHTS
- RIDGEMONT
- ROCKRIDGE
- SAN ANTONIO
- SANTA FE
- SEQUOYAH HILLS
- TEMESCAL
- UPPER DIMOND
- UPPER LAUREL
- UPPER MILLSMONT
- UPPER ROCKRIDGE
- Uptown
- WEST OAK
- WEST OAKLAND
Market Summary
Current real estate data for Single Family in Oakland as of May 21, 2026
466
Single Family Listed
88
Avg DOM
525
Avg $ / SqFt
$1,002,048
Avg List Price
Property Summary
- Located in the LAKESHORE/GRAND subdivision, 339 Hanover Ave Oakland CA is a Single Family for sale in Oakland, CA, 94606. It is listed for $1,495,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1910. The average price per square foot for Single Family listings in Oakland is $525. The average listing price for Single Family in Oakland is $1,002,048.
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339 Hanover Ave
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