3042 Martin Luther King Jr Way, Berkeley, CA 94703 - Berkshire Hathaway HomeServices California Properties

3042 Martin Luther King Jr Way, Berkeley, CA 94703

$2,250,000 Approx. USD 0 beds, 0 baths

Listing Agent


Joey Wang | joeywang@kwcommercial.com
Lic#: 01890931
Broker: Courtesy of Keller Williams Realty

Agent Remarks

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!

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# 41087575
Price: $2,250,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1909
0.09 acres
Lot size: 0.0943
County: Alameda
Construction: Concrete,Wood Siding
Appliances: Gas Water Heater,Dryer,Washer
Lot description: Street Level,Yard
Heating/cooling: Wall/Window Unit(s)
Heating description: Forced Air,Heat Pump,Natural Gas

Last Updated: 3/7/2025

 Days On Market (DOM): 18

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Lat/Long: 37.852672, -122.271109.
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Source: CRM. Also Available in 41073416,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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