3042 Martin Luther King Jr Way, Berkeley, CA

$2,795,000

Previous Next

9

Beds

3,755

Square feet

0.09

Acres

About 3042 Martin Luther King Jr Way

Whether you're an owner-occupant or an investor, this fully remodeled fourplex offers a compelling opportunity in a prime location. 3042 MLK is a commuter's paradise with modern amenities and existing cashflow ($11,010/mo.) delivered from 3 out of 4 occupied units. The building is located across the street from Ashby Bart with easy access to Oakland/San Francisco, walking distance to Berkely Bowl and a 10-minute bike ride to UC Berkeley. It has a unit mix consisting of a 3BD/2BA (vacant), 4BD/2BA, 2+BD/1BA and studio totaling 3796 sq. ft. This was a complete remodel thoughtfully designed by local Architects Sidell Pakravan with scope of work including new foundation, Andersen windows, plumbing, electrical, central heat, active ventilation, stainless appliances, in-unit washer and dryers, and new sewer lateral. With plans for a mixed-use development and new housing across the street, this property is in the path of development with lots of potential for future growth and appreciation. Seller may carry small second up to 10% LTV at 6% interest only for 5 years

Features of 3042 Martin Luther King Jr Way

MLS® # 41053861
Price $2,795,000
Bedrooms 9
Bathrooms 0.00
Square Footage 3,755
Acres 0.09
Year Built 1909
Type Residential Income
Sub-Type Quadruplex
Status Active

Community Information

Address 3042 Martin Luther King Jr Way
Area Listing
City Berkeley
County Alameda
State CA
Zip Code 94703

Amenities

Utilities All Public Utilities, Individual Electric Meter, Individual Gas Meter
Parking Off Street
Is Waterfront No
Has Pool No

Interior

Interior Features Updated Kitchen, Storage, Shower Stall(s), Tub w/Shower Over
Appliances Dryer, Washer, Tankless Water Heater
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No

Exterior

Exterior Features Front Yard, Side Yard, Low Maintenance
Lot Description Corner Lot
Construction Wood Shingles

School Information

District Berkeley (510) 644-6150

Additional Information

Date Listed April 2nd, 2024
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentFrancisco Valdez
OfficeCompass

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?