Active
3042 Martin Luther King Jr Way
Berkeley CA, 94703
$2,595,000
$691.08 per sqft
Active
9 Beds
3,755 sqft
Multi-family
Built in 1909
Whether you're an owner-occupant or an investor, this fully remodeled fourplex offers a compelling opportunity in a prime location. 3042 MLK is a commuter's paradise with modern amenities and existing cashflow ($11,010/mo.) delivered from 3 out of 4 occupied units. The building is located across the street from Ashby Bart with easy access to Oakland/San Francisco, walking distance to Berkely Bowl and a 10-minute bike ride to UC Berkeley. It has a unit mix consisting of a 3BD/2BA (vacant), 4BD/2BA, 2+BD/1BA and studio totaling 3796 sq. ft. This was a complete remodel thoughtfully designed by local Architects Sidell Pakravan with scope of work including new foundation, Andersen windows, plumbing, electrical, central heat, active ventilation, stainless appliances, in-unit washer and dryers, and new sewer lateral. With plans for a mixed-use development and new housing across the street, this property is in the path of development with lots of potential for future growth and appreciation. Seller may carry small second up to 10% LTV at 6% interest only for 5 years
41053861
MLSⓇ ID
April 2, 2024
Listed
May 3, 2024
Updated
Map
3042 Martin Luther King Jr Way
Berkeley CA, 94703
Interior Features
Bedrooms
9
Interior Features
Updated Kitchen, Storage, Shower Stall(s), Tub w/Shower Over
Appliances
Dryer, Washer, Tankless Water Heater
Laundry Description
In Unit, Washer/Dryer Stacked Incl
Floor Description
Laminate, Tile
Fireplace
Yes
Cooling
Yes
Cooling Description
Ceiling Fan(s)
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.09 Acres
Exterior Features
Front Yard, Side Yard, Low Maintenance
Lot Features
Corner Lot
School Information
School District
Berkeley (510) 644-6150
Other Property Details
Area Name
Berkeley
Garage
No
Parking
Off Street
View
No
County
Alameda
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
4/26/2024 | Price Change | $2,595,000 -8% |
Listed by Francisco Valdez with Compass
Listing Contact: 925-597-2205
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