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 

Bay East  ©2024 CCAR  ©2024. bridgeMLS  ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 11:39 AM UTC, 5/3/2024.

Powered byLuxury Presence