$2,450,000

beds

baths

3,371

square ft

3042 Martin Luther King Jr Way

Berkeley, California 94703

New / MLS #224133747 / Multiple Unit (2-4) / Berkeley

Listing information updated 12/17/2024 at 10:27pm

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

Full Features

Architecture Style:

Edwardian

Exterior Type:

Partial Insulation,Shingle Siding,Frame,Wood,Wood Siding,See Remarks

Beds Above Grade:

Cooling System:

Ceiling Fan(s), Central, Smart Vent, Varies by Unit, See Remarks

Heating System:

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

Pool:

Age:

115 Years

Roof Type:

Composition

Parking Type:

Off Street,Uncovered,See Remarks

Parking Spaces:

Square Feet:

3,371

Lot Size:

0.0943 acres

Acreage:

0.0943

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

94703

City:

Berkeley

County:

Alameda

Schools

School District(s):

Berkeley Unified

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Architecture Style:

Edwardian

Exterior Type:

Partial Insulation,Shingle Siding,Frame,Wood,Wood Siding,See Remarks

Beds Above Grade:

Cooling System:

Ceiling Fan(s), Central, Smart Vent, Varies by Unit, See Remarks

Heating System:

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

Pool:

Age:

115 Years

Roof Type:

Composition

Parking Type:

Off Street,Uncovered,See Remarks

Parking Spaces:

Square Feet:

3,371

Lot Size:

0.0943 acres

Acreage:

0.0943

Tax Amount:

N/A

Tax Year:

N/A

Zip Code:

94703

City:

Berkeley

County:

Alameda

School District(s):

Berkeley Unified

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Christopher L. Givens

Disclaimer: All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList® may not reflect all real estate activity in the market. All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination. MetroList CA data last updated 12/17/2024 at 10:27pm.