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Seller's Agent in 2022
Patricia Bennett
Compass
(510) 339-6460
2 in this area
49 Total Sales
331 Hanover is a ten-unit multifamily property located a block from Lake Merritt. The property consists of eight (8) 1-bedroom, 1-bathroom apartments of 630 sq ft. each, per recent appraisal, and two (2) 2-bedroom, 1-bathroom apartments of 880 sq ft. Improvements include some newer windows and exterior paint, very nicely landscaped walkway. Unit interiors feature hardwood floors, some bath updates. Amenities include tenant storage lockers, and some views in rear upper floor units. The building includes a covered 5-car carport and driveway for 5 additional tandem vehicles. Community laundry is an additional revenue source. Excellent location with tremendous upside potential.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | Off Market | $2,200,000 | -- | -- |
| 11/10/2022 11/10/22 | Sold | $2,200,000 | -2.2% | $310 / Sq Ft |
| 08/31/2022 08/31/22 | Pending | -- | -- | -- |
| 08/27/2022 08/27/22 | For Sale | $2,250,000 | -- | $317 / Sq Ft |
| 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 | $36,676 | $2,283,678 | $686,664 | $1,597,014 |
| 2024 | $36,676 | $2,238,900 | $673,200 | $1,565,700 |
| 2023 | $38,279 | $2,195,000 | $660,000 | $1,535,000 |
| 2022 | $16,468 | $679,674 | $555,146 | $124,528 |
| 2021 | $14,571 | $666,350 | $544,263 | $122,087 |
| 2020 | $14,448 | $664,875 | $538,683 | $126,192 |
| 2019 | $13,135 | $651,944 | $528,121 | $123,823 |
| 2018 | $12,847 | $639,268 | $517,768 | $121,500 |
| 2017 | $11,974 | $625,380 | $507,618 | $117,762 |
| 2016 | $11,618 | $612,324 | $497,665 | $114,659 |
| 2015 | $11,529 | $602,515 | $490,191 | $112,324 |
| 2014 | $11,953 | $590,761 | $480,591 | $110,170 |
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Seller's Agent in 2022
Patricia Bennett
Compass
(510) 339-6460
2 in this area
49 Total Sales
Seller Co-Listing Agent in 2022
Jeffrey Neidleman
Compass
(510) 435-0325
2 in this area
48 Total Sales
Buyer's Agent in 2022
Eymon Binesh
Marcus & Millichap
(650) 391-1700
1 in this area
71 Total Sales
Source: bridgeMLS
MLS Number: 41006186
Ask me questions while you tour the home.