262 Hanover Ave, Oakland, CA 94606

Property Description

262 Hanover Avenue is a six-unit apartment building ideally located just steps from Lake Merritt in Oakland’s desirable Cleveland Heights neighborhood. The property features a balanced unit mix of two (2) spacious two-bedroom/one-bath units and four (4) one-bedroom/one-bath units, some of which offer views of Lake Merritt. Each apartment includes a fireplace and an oversized bathroom with both a soaking tub and a stand-up shower. Recent capital improvements include a seismic retrofit, a new roof, and interior unit upgrades. Additional amenities include secured parking with six covered spaces, an on-site laundry facility, and tenant storage lockers. The property also offers assumable seller financing at a 5.00% interest rate, providing excellent day-one cash flow and an attractive opportunity for investors seeking a stabilized, well-located asset in one of Oakland’s most vibrant submarkets.

Listing Status:

Active

Date Added:

October 15, 2025 at 05:00AM

Listing Office:

NAI Northern California : 510-336-4712

Listing Agent:

Timothy Warren : 510-336-4719

MLS ID:

41114763

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Parking spaces: 6

Construction

• Roofing: Composition
• General: Stucco

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_BMLS
• County: Alameda

Lot

• Zoning: 212262
• View: LakeView

Financial

• Source: CRMLS_BMLS

This listing courtesy of Timothy Warren, NAI Northern California