3042 Martin Luther King Jr WAY new 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 3,755 sqft
Price per Sqft $652
MLS Listing ID 224133747
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1909
Lot Size 4,108 Sqft
Acres 0.0943
Property 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, 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
Location
State CA
County Alameda
Area Berkeley Map Area 8
Direction Google Maps - Corner of MLK and Prince Street in Berkeley.
Interior
Heating Central,Natural Gas
Cooling Ceiling Fan(s),Central,Smart Vent,Varies by Unit,See Remarks
Flooring Simulated Wood
Equipment Low-Flow Toilet(s)
Window Features Caulked/Sealed,Dual Pane Full,Window Coverings,Low E Glass Full,Varies by Unit
Appliance Free Standing Gas Range,Free Standing Refrigerator,Ice Maker,Microwave,Dishwasher,Disposal,Tankless Water Heater,ENERGY STAR Qualified Appliances,Varies By Unit,See Remarks
Laundry In Each Unit
Exterior
Exterior Feature Fenced Yard
Parking Features Off Street,Uncovered,See Remarks
Utilities Available Natural Gas Connected,Cable Connected,Electric,Internet Available
Water Access Desc Meter on Site,Public
View Hills,Varies by Unit
Roof Type Composition
Topography Level
Porch Uncovered Patio
Total Parking Spaces 2
Building
Lot Description Corner
Foundation ConcretePerimeter, Raised, SeeRemarks
Sewer Sewer Connected,In & Connected,Public Sewer
Water Meter on Site,Public
Architectural Style Edwardian
Level or Stories Two
Schools
Elementary Schools Berkeley Unified
Middle Schools Berkeley Unified
High Schools Berkeley Unified
School District Alameda
Others
Senior Community No
Tax ID 0531-6011-6
Special Listing Condition None