3042 Martin Luther King Jr Way, Berkeley, CA 94703
  • MLS#: 41087575 ( Quadruplex )
  • Street Address: 3042 Martin Luther King Jr Way
  • Viewed: 3
  • Price: $2,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1909
  • Bldg sqft: 0
  • Days On Market: 79
  • Additional Information
  • County: ALAMEDA
  • City: Berkeley
  • Zipcode: 94703
  • Provided by: Keller Williams Realty
  • Contact: Joey Joey
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    3042 MLK Jr. Way offers a rare investment opportunity for a fully renovated fourplex in South Berkeleys 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 Berkeleys most desirable neighborhoods. Dont miss out on this incredible opportunity!
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Features
Appliances
  1. Gas Water Heater
Association Fee
  1. 0.00
Construction Materials
  1. Concrete
  2. Wood Siding
Cooling
  1. Wall/Window Unit(s)
Days On Market
  1. 22
Flooring
  1. Tile
  2. Vinyl
Heating
  1. Forced Air
  2. Natural Gas
  3. Heat Pump
Laundry Features
  1. Dryer Included
  2. Washer Included
Lot Features
  1. Level with Street
  2. Yard
Parcel Number
  1. 53160116
Property Type
  1. Quadruplex
Roof
  1. Tar/Gravel
Sewer
  1. Public Sewer
Sourcesystemkey
  1. 41087575:BMLS
Tenant Pays
  1. Gas
Window Features
  1. Screens
Year Built
  1. 1909