Property Details
About this Property
Prime investment opportunity with this fully remodeled fourplex at 3042 MLK. This property boasts modern amenities and generates a substantial monthly cash flow of $14,590 from four occupied units. Located directly across from Ashby BART, this commuter's dream offers easy access to Oakland and San Francisco. It's also within walking distance to Berkeley Bowl and just a 10-minute bike ride to UC Berkeley. The unit mix includes a 4BD/2BA, a 3BD/2BA, a 2+BD/1BA, and a studio. This complete remodel, thoughtfully designed by local architects Sidell Pakravan, features a new foundation, Andersen windows, updated plumbing and electrical systems, central heating, active ventilation, stainless steel appliances, in-unit washers and dryers, and a new sewer lateral. With upcoming mixed-use development and new housing projects planned across the street, this property is poised for future growth and appreciation. The seller may also consider carrying a small second mortgage up to 10% LTV. See attached Video https://vimeo.com/857507511?share=copy
MLS Listing Information
MLS #
ME224133747
MLS Source
MetroList Services, Inc.
Days on Site
1
Interior Features
Kitchen
Varies by Unit
Appliances
Dishwasher, Garbage Disposal, Ice Maker, Microwave, Other, Oven Range - Gas, Refrigerator
Flooring
Simulated Wood
Cooling
Ceiling Fan, Central Forced Air, Other, Varies by Unit
Heating
Central Forced Air, Gas - Natural
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter, Raised, Other
Style
Edwardian
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Other, Garage: 0 Car(s)
Elementary District
Berkeley Unified
High School District
Berkeley Unified
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Complex Amenities
Community Security Gate
Zoning
Commercial
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,410 | 4 | 2/0 | $5,145 |
| 2 | 889 | 3 | 2/0 | $4,025 |
| 3 | 768 | 2 | 1/0 | $3,450 |
| 4 | 304 | 1 | 1/0 | $1,970 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3042 Martin Luther King Jr Way is a Residential Income in Berkeley, CA 94703. This 3,755 square foot property sits on a 4,108 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,450,000 and was built in –. This address can also be written as 3042 Martin Luther King Jr Way, Berkeley, CA 94703.
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This listing information is up-to-date as of December 18, 2024. For the most current information, please contact Christopher Givens, (916) 275-8937
