3042 Martin Luther King Jr Way
$2,450,000
10
6
3,755
3,755
$652
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New
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
- Listed by Christopher Givens • Christopher L. Givens
Property Details for 3042 Martin Luther King Jr Way
Parking Features
Off Street, Uncovered, See Remarks
Architectural StyleEdwardian
ZoningCommercial
View DescriptionHills, Varies by Unit
LISTING UPDATED: 12/17/2024 08:23 PM
Property Details for 3042 Martin Luther King Jr Way
Status | Active |
---|---|
MLS # | 224133747 |
Days on Compass | 1 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1909 |
Lot Size | 0.09 AC / 4,107 SF |
County | Alameda County |
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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
Property History for 3042 Martin Luther King Jr Way
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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