3042 Martin Luther King Jr Way
3042 Martin Luther King Jr Way
$2,595,000
9
6
3,755
3,755
$691
Listed By Compass
Description
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,...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
Property Details for 3042 Martin Luther King Jr Way
City
BERKELEY
Building TypeFOURPLEX
Property Sub TypeFOURPLEX
Garage/ParkingOff-Street Parking
Park Spaces Total2
Location
LISTING UPDATED: 04/26/2024 10:12 AM
Property Details for 3042 Martin Luther King Jr Way
Status | Price Change |
---|---|
MLS # | 41053861 |
Days on Compass | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Fourplex |
Year Built | 1909 |
Lot Size | 0.09 AC / 4,107 SF |
County | Alameda County |
Location
Building Information for 3042 Martin Luther King Jr Way
Stories-Residences4Year Built1909Building Size-Lot Size0.09 AC / 4,107 SF
Payment Calculator
$16,522 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3042 Martin Luther King Jr Way
Property History for 3042 Martin Luther King Jr Way
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3042 Martin Luther King Jr Way
Taxable ValueLand$527,850Additions$1,231,650Total$1,759,500
Tax Record2023$28,319 ($2,360 / month)
Home Facts
Total Finished SqFt3,755 SqFtAbove Grade Finished SqFt3,755 SqFtStories2Lot Size4,107 SqFtStyleQuadraplexYear Built1909CountyALAMEDAAPN53-1601-16
Schools near 3042 Martin Luther King Jr Way
This home is within Berkeley Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Emerson Elementary School PublicK to 5 | ||
John Muir Elementary School PublicK to 5 | ||
Malcolm X Elementary School PublicK to 5 | ||
Willard Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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