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Listed by Joey Wang • Keller Williams Realty
$ 2,250,000
Est. payment /mo
Active
3042 Martin Luther King Jr Way Berkeley, CA 94703
3,796 SqFt
UPDATED:
03/07/2025 03:41 PM
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
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