Property Details
About this Property
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!
MLS Listing Information
MLS #
MR41087575
MLS Source
Bridge MLS
Days on Site
32
Interior Features
Appliances
Dryer, Washer
Flooring
Tile, Vinyl
Cooling
Ceiling Fan, Window/Wall Unit
Heating
Gas, Heat Pump, Heating - 2+ Zones
Exterior Features
Roof
Tar/Gravel
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,429 | 1 | 0/0 | $3,450 |
| 2 | 959 | 3 | 0/0 | $3,750 |
| 3 | 283 | 0 | 0/0 | $1,932 |
| 4 | 1,084 | 4 | 0/0 | $4,995 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3042 Martin Luther King Jr Way is a Residential Income in Berkeley, CA 94703-2402. This 3,796 square foot property sits on a 4,107 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,250,000 and was built in 1909. This address can also be written as 3042 Martin Luther King Jr Way, Berkeley, CA 94703-2402.
©2025 Bridge MLS. 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 Bridge MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of March 19, 2025. For the most current information, please contact Joey Wang, (510) 592-4244
