262 Hanover Ave | Oakland, CA 94606
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- LoopNet Team
262 Hanover Ave
Oakland, CA 94606
UNDER CONTRACT · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Steps from the Lake in Oakland’s desirable Cleveland Heights neighborhood, with easy access to Lakeshore and Grand Avenue
- Well-Maintained Asset – Recent capital improvements include a seismic retrofit, new roof, and interior unit upgrades.
- Excellent Transit Access – Close to Lake Merritt BART Station, multiple AC Transit bus lines, and major commute corridors.
- Attractive Unit Mix – Two (2) large 2BD/1BA units and four (4) 1BD/1BA units, some offering views of Lake Merritt.
- Secure Parking & Storage – Six covered parking spaces, on-site laundry, and tenant storage lockers.
- Assumable Seller Financing – 5.00% interest rate provides strong day-one cash flow and favorable financing terms for investors
PROPERTY FACTS
| No. Units | 6 | Building Size | 4,656 SF |
| Property Type | Multifamily | Average Occupancy | 84% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.10 AC |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,656 SF |
| Average Occupancy | 84% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.29/1,000 SF |
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Breakfast Nook
- Dining Room
- Double Pane Windows
- Handrails
- Pantry
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,589 | 800 |
| 1+1 | 4 | $2,214 | 650 |
PROPERTY TAXES
| Parcel Number | 021-0226-002-00 | Improvements Assessment | $925,140 |
| Land Assessment | $397,800 | Total Assessment | $1,322,940 |
PROPERTY TAXES
Parcel Number
021-0226-002-00
Land Assessment
$397,800
Improvements Assessment
$925,140
Total Assessment
$1,322,940
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