3042 Martin Luther King Jr Way Active Save Request In-Person Tour Request Virtual Tour
Berkeley,CA 94703
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,796 sqft
Price per Sqft $592
MLS Listing ID 41087575
HOA Y/N No
Originating Board Bridge AOR
Year Built 1909
Lot Size 4,107 Sqft
Property Sub-Type Quadruplex
Property Description
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!
Location
State CA
County Alameda
Interior
Heating Zoned,Natural Gas,Heat Pump,Hot Water,Heat Pump-Air
Cooling Ceiling Fan(s),Wall/Window Unit(s),Heat Pump
Flooring Tile,Vinyl
Fireplace No
Window Features Screens,Window Coverings
Appliance Dryer,Washer,Gas Water Heater,Tankless Water Heater
Laundry 220 Volt Outlet,Gas Dryer Hookup,Laundry Closet,In Unit,Washer
Building
Lot Description 2 Houses / 1 Lot,Level,Paved
Water Public