CA > Berkeley
Berkeley, CA 94703,3042 Martin Luther King Jr WAY
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Berkeley, CA 94703,3042 Martin Luther King Jr WAY
Berkeley, CA 94703,3042 Martin Luther King Jr WAY
Berkeley, CA 94703,3042 Martin Luther King Jr WAY
Berkeley, CA 94703,3042 Martin Luther King Jr WAY
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Natalie Jamaca

Natalie Jamaca

+1(707) 301-6126
$ 2,450,000
Est. payment /mo
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Active

3042 Martin Luther King Jr WAY Berkeley, CA 94703

3,755 SqFt

UPDATED:

12/18/2024 03:23 AM

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

MetroList® Services, Inc (RESO)
Listed by Christopher L. Givens
agent

Natalie Jamaca

REALTOR | License ID: 02079986

+1(707) 301-6126

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3042 Martin Luther King Jr WAY