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Listed by Nolan Jones • KELLER WILLIAMS TRI VALLEY REALTY
$980,000
Est. payment /mo
8 Beds
1 Bath
2,751 SqFt
Active
2840 Martin Luther King Jr WAY Oakland, CA 94609
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,751 sqft
Price per Sqft $356
MLS Listing ID MR41089769
Bedrooms 8
Year Built 1910
Lot Size 3,320 Sqft
Property Sub-Type Duplex
Source Bridge MLS
Property Description
Exceptional Investment Opportunity - 5-Unit Upside with Plans Approved! Don't miss this rare chance to acquire a multi-unit property with built-in value-add potential! Currently improved with two legal units and two legal non-conforming units, this asset includes approved building plans to legalize the existing non-conforming units and construct a brand-new fifth unit. Once fully developed, the property is projected to generate pro forma rental income of nearly $11,000/month-a strong return in a high-demand rental market. Ideal for owner-users, investors, or 1031 buyers looking for stable income with room to grow. Highlights: 2 legal units + 2 legal non-conforming units Plans approved to legalize all 4 existing units and add a 5th Projected monthly income: ~$11,000 Strong rental demand and upside potential Convenient location near transit, shops, and amenities This is a turn-key opportunity for the right investor to unlock significant cash flow and long-term value.
Location
State CA
County Alameda
Area Oakland Zip Code 94609
Interior
Heating Floor Furnace
Cooling Air Conditioning - None
Flooring Carpet - Wall to Wall, Wood
Exterior
Exterior Feature Siding - Wood
Parking Features Detached Garage
Roof Type Composition
Building
Sewer Sewer - Public
Others
Tax ID 9-697-27
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