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$ 2,250,000
Est. payment /mo
New
3042 Martin Luther King Jr Way Berkeley, CA 94703-2402
4,107 Sqft Lot
UPDATED:
02/28/2025 06:51 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41087575
HOA Y/N No
Year Built 1909
Lot Size 4,107 Sqft
Property Sub-Type Quadruplex
Property Description
3042 MLK Jr. Way offers a rare investment opportunity for a fully renovated fourplex in South Berkeley's high-demand rental market. Directly across from Ashby BART, tenants enjoy seamless transit access to Downtown Oakland, San Francisco, and the Bay Area. Fully remodeled with over $600K in upgrades, including 9-foot ceilings, dual pane windows, tankless water heaters, and modernized electrical systems. This property features four turn-key units: 1+bd/1ba, 3bd/2ba, 4bd/2ba, and a studio, totaling 3,790 sq. ft. of living space. Each unit has stainless steel appliances, updated kitchens, in-unit laundry, and central heating/AC, maximizing tenant comfort and retention. Generating $14,600/month with three of the four tenants paying utilities and one paying parking income, this is a high-yield, low-maintenance investment in one of Berkeley's most desirable neighborhoods. Don't miss out on this incredible opportunity!
Location
State CA
County Alameda
Interior
Heating Forced Air, Heat Pump, Natural Gas
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 2
Building
Lot Description Street Level, Yard
Sewer Public Sewer
Others
Tax ID 53160116
Listed by Joey Wang • Keller Williams Realty