262 Hanover Ave Oakland, CA ^$ 1,575,000

262 Hanover Ave

^$ 1,575,000

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262 Hanover Ave

Oakland, CA, 94606

^$ 1,575,000

Studio Baths0.0

Monthly Estimate*

^$ 9,698

Listed by NAI Northern California

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Studio

Multi-Family Home for sale in Oakland, CA

for $1,575,000. This home was built in 1962 on a lot size of 0.0955.

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.

Multi-Family Pending

Price

^$ 1,575,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.0955

Year Built

1962

Town/City

Oakland

County/Region

Alameda

MLS | Web ID

41114763

Days on Market

105

Features

General

Heating Wall Furnace

Cooling None

Roof Composition

HOA Fee 0

Construction Materials Stucco

Year Built 1962

Tenant Pays Gas

View Lake

County Alameda

Property Type Residential Income

Subdivision Name CROCKER/GLENVIEW

Status Pending

Directions Lakeshore to Hanover Cross Street: Lakeshore.

City Oakland

Number Of Units Total 6

Lot Size Units Square Feet

Lot Size Square Feet 4160

Standard Status Pending

Cap Rate 5.54

Interior

Air Conditioning Y/N 1

Heating Y/N 1

Total Baths 0

Exterior

Total Parking 6

Lot Size Area 4160

Lot Size Acres 0.0955

* Excluded Features

List By

Nai Northern California

Broker

twarren@nainorcal.com

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$9,698

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Monthly Principal & Interest: $9,698
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Oakland, CA

Average List Price ^$976,587

Percent of Sale Price 38%

About Oakland, CA

423,136 Population

6% Since 2002

^$62,902 Median Income

38.73 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/26/2025	$1,575,000		Listed Price

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262 Hanover Ave, Oakland, CA, 94606 is a Multi-Family Home for sale at $1,575,000 with a lot size of 0.0955. 262 Hanover Ave is a studio with 0.0 baths and was built in 1962. The property's zip code is 94606 which is in Oakland, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 1/27/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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262 Hanover Ave

Multi-Family Home for sale in Oakland, CA

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