22
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$2,250,000
Est. payment /mo
Active
3042 Martin Luther King Jr WAY Berkeley, CA 94703-2402
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,796 sqft
Price per Sqft $592
MLS Listing ID MR41087575
Bedrooms 8
Originating Board Bridge MLS
Year Built 1909
Lot Size 4,107 Sqft
Property Sub-Type Fourplex
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
Area Other Area
Interior
Heating Gas, Heat Pump, Heating - 2+ Zones
Cooling Window / Wall Unit, Ceiling Fan
Flooring Tile, Vinyl
Laundry 220 Volt Outlet, Gas Hookup, In Closet, Laundry Area - In Unit, Washer, Dryer
Exterior
Exterior Feature Concrete, Wood Shingles, Siding - Wood
Garage Spaces 2.0
Roof Type Tar and Gravel
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public, Heater - Gas
Others
Tax ID 53-1601-16
Special Listing Condition Not Applicable
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Listed by Joey Wang • Keller Williams Realty