3042 Martin Luther King Jr Way

Berkeley, CA 94703

$2,450,000
Price
10
Beds
6
Baths
3,755 Sq. Ft.
$652 / Sq. Ft.
3,755
Sq. Ft.
$652
per Sq. Ft.

Description

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,...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
  1. Listed by Christopher Givens • Christopher L. Givens

Property Details for 3042 Martin Luther King Jr Way

Parking Features
Off Street, Uncovered, See Remarks
Architectural Style
Edwardian
Zoning
Commercial
View Description
Hills, Varies by Unit
LISTING UPDATED: 12/17/2024 08:23 PM

Property Details for 3042 Martin Luther King Jr Way

StatusActive
MLS #224133747
Days on Compass1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1909
Lot Size0.09 AC / 4,107 SF
CountyAlameda County

Virtual Tour

Building Information for 3042 Martin Luther King Jr Way

Stories2Residences4Year Built1909Building Size-Lot Size0.09 AC / 4,107 SF

Property Information for 3042 Martin Luther King Jr Way

Summary
Location and General Information
  • Area/District: Berkeley Map Area 8
  • Area Short Display: 2308
  • Cross Street: Prince
  • City: Berkeley
  • County: Alameda
  • State: CA
  • Zip Code: 94703
  • Topography: Level,Level
  • Directions to Property: Google Maps - Corner of MLK and Prince Street in Berkeley.
Taxes and HOA Information
  • APN: 0531-6011-6
  • License Fee: $.00
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: false
  • Association Fee: $.00
School Information
  • School District (County): Alameda
  • Elementary School District: Berkeley Unified
  • Middle or Junior School District: Berkeley Unified
  • Senior High School District: Berkeley Unified
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Total Parking Spaces: 2
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 2
  • Parking Fee $: 0.0
Virtual Tour
Property
Lot Information
  • Square Footage: 0.0
  • Year Built Source: Assessor Auto-Fill
  • Minimum Bldg SqFt: 0.0
  • # of Lots: 0
  • Lot Size Acres: 0.0943
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 4108.0
  • Lot Features: Corner
Property and Assessments
  • Property Condition: Updated/Remodeled
  • Home Warranty: false
  • Irrigation: None
  • Year Built: 1909
  • Picture Count: 45
  • Photos Provided By: Seller
  • Elevation: 0
  • Units Furnished: None
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property’s compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Signs: No
  • Census Tract: 0.0
  • Actual or Scheduled: Scheduled
Green Features
  • Green Verification Year: 0
  • Green Building Verification Type: ENERGY STAR Certified Homes, HERS Index Score
  • Energy Efficient: Appliances, Insulation, Lighting, Thermostat, Water Heater, Heating, Windows
Utilities
  • Separate Meters: Common Area Meter, Electricity, Gas
  • Sewer: Sewer Connected, In & Connected, Public Sewer
  • Utilities: Natural Gas Connected, Cable Connected, Electric, Internet Available
  • Water Source: Meter on Site, Public
Interior and Exterior Features
Exterior Features
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 1
  • Construction Materials: Partial Insulation, Shingle Siding, Frame, Wood, Wood Siding, See Remarks
  • Foundation: Raised, See Remarks, Concrete Perimeter
  • Levels: Two
  • Patio And Porch Features: Uncovered Patio
  • Exterior Features: Fenced Yard
  • Window Features: Caulked/Sealed, Dual Pane Full, Window Coverings, Low E Glass Full, Varies by Unit
  • Horse Property: false
  • Pool: false
  • Roof: Composition
  • Senior Community: false
Interior Features
  • Heating: Central, Natural Gas
  • Appliances: Free Standing Gas Range, Free Standing Refrigerator, Ice Maker, Microwave, Dishwasher, Disposal, Tankless Water Heater, ENERGY STAR Qualified Appliances, Varies By Unit, See Remarks
  • Laundry Features: In Each Unit
  • Spa: false
  • # of Fireplaces: 0
  • Cooling: Ceiling Fan(s), Central, Smart Vent, Varies by Unit, See Remarks
  • Electric: 220 Volts
  • Other Equipment: Low-Flow Toilet(s)
  • Flooring: Simulated Wood
  • Entry Level: 0
  • Possible Bedrooms: 0.0
  • Bedrooms: 0
  • Bathrooms: 0.0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 1
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 1
3 Bedroom Unit
  • # of 3 Bedroom Units: 1
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 1
4 Bedroom Unit
  • # of 4 Bedroom Units: 1
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 1
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 1
  • # of Studio Units: 1
  • Num of Units: 4
Multi-Family Additional Information
  • 2nd Unit Approx SqFt: 0.0
  • 2nd Unit Rents for: $.00
  • 2nd Unit Bedrooms: 0.0
Unit 1
  • Unit 1 Bedrooms: 4
  • Unit 1 Full Baths: 2
  • Unit 1 Partial Baths: 0
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent: $5,145.00
  • Unit 1 Approx SqFt: 1410.0
  • Unit 1 SqFt Source: Owner
  • Unit 1 # of Rooms: 8
Unit 2
  • Unit 2 Bedrooms: 3
  • Unit 2 Full Baths: 2
  • Unit 2 Partial Baths: 0
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent: $4,025.00
  • Unit 2 Approx SqFt: 889.0
  • Unit 2 SqFt Source: Owner
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 Occupancy: Tenant
  • Unit 3 Rent: $3,450.00
  • Unit 3 Approx SqFt: 768.0
  • Unit 3 SqFt Source: Owner
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 1
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 Identification: Studio
  • Unit 4 Occupancy: Tenant
  • Unit 4 Rent: $1,970.00
  • Unit 4 Approx SqFt: 304.0
  • Unit 4 SqFt Source: Owner
  • Unit 4 # of Rooms: 0
  • Unit 4 Type: Apartment
Mobile/Manufactured Home
  • Width: 0.0
  • Length: 0.0
  • Berth Size Length: 0.0
  • Berth Size Width: 0.0
Income & Expenses
  • Income Includes: Rent Only, See Remarks, Parking
  • Operating Expense Includes: Professional Management, Property Tax, Repairs, Insurance, Trash, Water/Sewer
Rental
Rent Information
  • Land Lease: false
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Gas

Property History for 3042 Martin Luther King Jr Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3042 Martin Luther King Jr Way

Taxable ValueLand$538,407Additions$1,285,283Total$1,823,690
Tax Record2024$28,723 ($2,394 / month)
Home Facts
Total Finished SqFt3,796 SqFtAbove Grade Finished SqFt3,796 SqFtStories2Lot Size4,107 SqFtStyleQuadraplexYear Built1909Year Renovated1937CountyALAMEDAAPN53-1601-16

Schools near 3042 Martin Luther King Jr Way

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
Emerson Elementary School
PublicK to 5

John Muir Elementary School
PublicK to 5

Malcolm X Elementary School
PublicK to 5

Willard Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

3042 Martin Luther King Jr Way is a multi-family home for sale in Berkeley, CA 94703. This property was listed for sale on December 17, 2024 by Christopher L. Givens, it's currently listed at $2,450,000. It has been on the market for a total of 1 days and was last sold on April 7, 2022. This listing's school district is Berkeley Unified School District. Nearby schools include Emerson Elementary School, John Muir Elementary School and Malcolm X Elementary School. 3042 Martin Luther King Jr Way is a 10-bed, 6-bath, 3,755 sqft multi-family home built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Christopher L. Givens, Christopher Givens

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.