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    314 Hanover Ave Oakland, CA 94606

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    For Sale
    $1,400,000

    Updated triplex near Lake Merritt with flexible investment options.

    Lot size:
    0.08 Acres

    Property Features for 314 Hanover Ave

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1914

    Source: eXp Realty of California Agent Kenny Truong

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Triplex Near Lake Merritt

    Located one block from Lake Merritt in Cleveland Heights, this updated triplex at 314 Hanover Avenue offers a 2,585 square foot property suitable for investors and owner-occupants. The property features a spacious four-bedroom, two-bathroom upper unit, delivered vacant, along with a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit on the ground floor. The location provides convenient access to nearby restaurants, cafes, and shops along Lakeshore. The property is move-in ready and offers views of downtown.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2514888
    Latitude
    37.802547

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    FAQs

    What type of property is this?
    Triplex - Updated triplex near Lake Merritt with flexible investment options.
    Where is this triplex located?
    The property is located at 314 Hanover Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Vacant 4BD/2BA upper unit ideal for owner-occupancy or immediate rental income.; - Prime location: One block from Lake Merritt and steps to Lakeshore's restaurants, cafes, and shops.; - Triplex configuration offers flexibility for investors or owner-occupants.
    (510) 545-6932
    Request Owner's contact information
    314 Hanover Ave Oakland, CA 94606
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    Oakland, CA 94606
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    314 Hanover Ave Oakland, CA 94606
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