$2,200,000
$2,250,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
7,248 Sqft Lot
SOLD DATE : 11/10/2022
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lake Merritt
MLS Listing ID 41006186
Sold Date 11/10/22
HOA Y/N No
Year Built 1952
Lot Size 7,248 Sqft
Acres 0.1664
Property Description
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.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
View Y/N Yes
View Hills
Roof Type Composition
Total Parking Spaces 5
Building
Lot Description Street Level
Others
Tax ID 2230913
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Bought with Eymon Binesh • Marcus & Millichap
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