$1,400,000

Estimated payment $9,349/month

Total Views 2,782
7 Beds
4 Baths
2,585 Sq Ft
$542 Price per Sq Ft

Highlights

  • Lake View
  • Wood Flooring
  • Detached Garage
  • Updated Kitchen
  • No HOA
  • 3-minute walk to Pine Knoll Park

About This Home

Welcome to 314 Hanover—a beautifully updated triplex just one block from iconic Lake Merritt in vibrant Cleveland Heights. With a walk score that’s off the charts, you’re just steps to Lakeshore’s buzzing restaurants, cafes, and shops. This rare gem offers flexibility for investors and owner-occupants alike: a spacious 4BD/2BA upper unit (delivered vacant!) plus a 2BD/1BA and 1BD/1BA on the ground floor. Whether you're looking to live in one and rent the others, or maximize income potential, this 2,585 sq ft property is a smart move. Whether you’re looking for your first home or your forever home, this place is move-in ready and waiting to welcome you.

Listing Agent

Kenny Truong

eXp Realty of California License #01861788 Listed on: 08/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,679

Year Built

  • Built in 1914

Lot Details

  • 3,488 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped

Property Views

  • Lake
  • Downtown

Home Design

  • Triplex
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 2,585 Sq Ft Home
  • Storage
  • Wood Flooring
  • Updated Kitchen

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Mirrored Closets Doors
  • Remodeled Bathroom
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Detached Garage
  • Carport
  • On-Street Parking

Outdoor Features

  • Shed

Utilities

  • Central Heating
  • Separate Meters
  • Individual Gas Meter
  • Tankless Water Heater
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Bridge Aor Association
  • Lake Merritt Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,679

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Fencing: Partial Fence, Fenced
  • Lot Features: Landscaped
  • LotSizeAcres: 0.08
  • View: Downtown, Lake, Water
  • Has View?: Yes
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Has HOA?: No
  • Co List Office Mls Id: OBOROC
  • Special Conditions: Standard
  • Subdivision Name: LAKE MERRITT
  • Directions: Lakeshore Ave to Hanover Ave
  • Basement: None
  • Has Basement?: No
  • Has Cooling?: Yes
  • Living Area: 2585
  • Year Built: 1914
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Washer, Gas Water Heater, Tankless Water Heater
  • Total Bedrooms: 7
  • Door Features: Mirrored Closet Door(s)
  • Flooring: Hardwood
  • Interior Amenities: Updated Baths, Updated Kitchen, Storage, Storage Area(s)

Exterior Features

  • Construction Type: Frame, Wood Siding
  • Exterior Features: Landscape Back, Landscape Front, Storage Area
  • Other Structures: Shed(s)

Garage/Parking

  • Has Attached Garage?: No
  • Has Carport?: Yes
  • Has Attached Garage?: Yes
  • Parking Features: Carport, Detached, Street Parking

Utilities

  • Laundry Features: Dryer, In Unit, Washer
  • Cooling: No Air Conditioning
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Individual Electric Meter, Individual Gas Meter

Condo/Co-op/Association

  • Association Name: Bridge AOR

Lot Info

  • Lot Size Sq Ft: 3488

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,679 $1,644,860 $493,458 $1,151,402
2024 $22,679 $1,612,620 $483,786 $1,128,834
2023 $23,981 $1,581,000 $474,300 $1,106,700
2022 $15,336 $963,573 $289,072 $674,501
2021 $14,705 $944,685 $283,405 $661,280
2020 $2,361 $55,149 $30,041 $25,108
2019 $2,120 $54,068 $29,452 $24,616
2018 $2,077 $53,008 $28,874 $24,134
2017 $1,937 $51,968 $28,308 $23,660
2016 $1,776 $50,949 $27,753 $23,196
2015 $1,759 $50,184 $27,336 $22,848
2014 $1,739 $49,202 $26,801 $22,401
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 For Sale $1,400,000 +49.7% $542 / Sq Ft
06/16/2025 06/16/25 Off Market $935,000 -- --
02/04/2025 02/04/25 Off Market $935,000 -- --
02/04/2025 02/04/25 Off Market $1,550,000 -- --
06/07/2022 06/07/22 Sold $1,550,000 +3.3% $600 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $1,500,000 +60.4% $580 / Sq Ft
02/05/2020 02/05/20 Sold $935,000 +12.8% $362 / Sq Ft
01/24/2020 01/24/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $829,000 -- $321 / Sq Ft
Source: bridgeMLS

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Grant Deed $1,550,000 Old Republic Title
Interfamily Deed Transfer -- Old Republic Ttl Co Berkeley
Grant Deed $935,000 Old Republic Ttl Co Berkeley
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- --
Grant Deed -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $653,000 New Conventional
Previous Owner $653,000 Commercial
Closed $0 Purchase Money Mortgage
Source: Public Records

Source: bridgeMLS

MLS Number: 41106878

bridgeMLS

APN: 021-0227-002-00