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
MLS #
BE41053861
MLS Source
Bay East
Days on Site
48
Buyer's Brokerage Compensation*
2.5%
Appliances
Dryer, Washer
Flooring
Laminate, Tile
Cooling
Ceiling Fan
Heating
Forced Air
Roof
Composition
Garage/Parking
Off-Street Parking, Garage: Car(s)
Elementary District
Berkeley Unified
High School District
Berkeley Unified
Sewer
Public Sewer
Water
Private
Listing Agent
Francisco Valdez
Compass
License #: 01858228
Phone: (925) 597-2205
Co-Listing Agent
Christopher Givens
Christopher L. Givens
License #: 01432862
Phone: (916) 275-8937
# Buildings | # Leased Units | # Total Units |
---|---|---|
– | – | 4 |
Unit # | Sq Ft | Beds | Baths | Rent |
---|---|---|---|---|
1 | 1,410 | 4 | 0/0 | $5,045 |
2 | 304 | 0 | 0/0 | $1,970 |
3 | 768 | 2 | 0/0 | $3,995 |
4 | 889 | 3 | 0/0 | $4,375 |
3042 Martin Luther King Jr Way is a Residential Income in Berkeley, CA 94703. This 3,755 square foot property sits on a 4,107 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,595,000 and was built in 1909.
This address can also be written as 3042 Martin Luther King Jr Way, Berkeley, CA 94703.©2024 Bay East. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bay East.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 03, 2024. For the most current information, please contact Francisco Valdez, (925) 597-2205