NOT LISTED FOR SALE

346 Hanover Ave Oakland, CA 94606

Cleveland Heights Neighborhood
30 Beds
-- Bath
27,127 Sq Ft
0.26 Acres

Last Sold August 20, 2021

Last sale price $7,450,000 $275 Per Sq Ft

23 Days on Market

Highlights

  • Penthouse
  • Engineered Wood Flooring
  • Formal Entry
  • 0.26 Acre Lot
  • Balcony
  • 4-minute walk to Pine Knoll Park

About This Home

As of August 2021

346 Hanover Avenue is a 22 unit building located in the Cleveland Heights neighborhood of Oakland just 2 blocks to Lake Merritt. Constructed in 1965 the building is concrete podium and wood frame with a gated, secure parking garage with 22 parking spaces. The unit mix consists of 15 1b/1ba, 6 2b/2ba and 1 3b/2ba penthouse unit. The property underwent significant capital improvements in 2017 including a full lobby renovation, new carpet throughout the hallways, updated front faade and exterior paint. A new roof was installed in 2019 The current ownership has turned 12 of the 22 units since it was purchased in 2007. There are 7 units that have turned since 2015 which were substantially updated with new floors, fully updated bathrooms and kitchens including new cabinets and countertops. Two units, 202 & 306 have in unit laundry. An on site laundry room services the remaining units.

Last Agent to Sell the Property

Christopher Smith

City Real Estate License #01740857 Listed on: 02/17/2021

Last Buyer's Agent

Steve Zirelli

Cornish & Carey Commercial License #01929245

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 0.26

Home Design

  • Penthouse
  • Concrete Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 27,127 Sq Ft Home
  • 4-Story Property
  • Formal Entry
  • Security Lights
  • Washer and Dryer

Flooring

  • Engineered Wood
  • Carpet

Parking

  • 22 Car Garage
  • Off-Street Parking

Outdoor Features

  • Balcony

Utilities

  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 021-0227-008

Community Details

Building Details

  • 20 Leased Units
  • 2 Vacant Units
  • 17 Units Leased Month-To-Month

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • 22 Units
  • Coin Laundry

Property Details

Home Type

Condominium

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Penthouse, Sec Building
  • Property Condition: Updated/Remodeled, Varies By Unit
  • Levels: Four
  • Year Built: 1965
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 74
  • Flooring: Carpet, Simulated Wood, Wood
  • Interior Amenities: Formal Entry
  • Laundry Features: Coin Operated, In Common Area, Varies By Unit, Washer/Dryer Owned
  • Price Per Square Foot: 274.63
  • Square Footage: 27127.00

Exterior Features

  • Construction Materials: Concrete, Stucco, Wood
  • Foundation: Concrete
  • Patio And Porch Features: Balcony/Deck
  • Roof: Composition

Garage/Parking

  • Parking Features: Garage, Off Street
  • Total Parking Spaces: 22.00

Utilities

  • Cooling: None
  • Heating: Electric
  • Security Features: Carbon Mon Detector, Fire Alarm, Fire Extinguisher, Secured Access, Security Lights, Smoke Detector
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Assessor Parcel Number: 021-0227-008
  • Lot Features: Shape Regular
  • Lot Size Acres: 0.2617
  • Lot Size Sq Ft: 11400.00
  • Lot Size Units: SqFt
  • Price Per Acre: 28467711.12

Rental Info

  • Number Of Units Month To Month: 17
  • Units Furnished: None

Building Info

  • Number of Units Total: 22

Multi Family

  • Number Of Units Vacant: 2
  • Gross Rent Multiplier: 13.88
  • Number Of1 Bedrooms Occupied: 13
  • Number of 1 Bedroom Units: 15
  • Number Of2 Bedrooms Occupied: 6
  • Number of 2 Bedroom Units: 6
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 1
  • Number Of Units Leased: 20
  • Separate Meters: Common Area Meter, Electricity

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $7,450,000 -2.6% $275 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $7,650,000 -- $282 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Christopher Smith

    City Real Estate

    (415) 325-2295

    1 in this area

    10 Total Sales

    Section Image
  • Steve Zirelli

    Buyer's Agent in 2021

    Steve Zirelli

    Cornish & Carey Commercial

    (650) 688-8508

    1 in this area

    35 Total Sales

    Section Image
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 421520571

San Francisco Association of REALTORS® MLS

California Alameda County Oakland 94606 Cleveland Heights

346 Hanover Ave, Oakland, CA

This home is located at 346 Hanover Ave, Oakland, CA 94606 since 17 February 2021. This property was built in 1965. 346 Hanover Ave is a home located in Alameda County with nearby schools including Cleveland Elementary School, Edna Brewer Middle School, and Oakland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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