4030 Martin Luther King Jr Way

Oakland, CA 94609

$2,350,000
Last Sold Price
Beds
7,668 Sq. Ft.
$306 / Sq. Ft.
7,668
Sq. Ft.
$306
per Sq. Ft.

Description

Price reduced! 4030-4034-4038 Martin Luther King Jr Way & 627 41st Street is a 9-unit mixed-use investment property. The property features a unit mix of various unit types including one large studio unit, four one-bedroom, one-bathroom units, two two-bedroom, one-bathroom units and two two-bedroom storefront units that have historically been leased as residential units and have recently been fully renovated with high-end finishes and built-out as two-bedroom, one-bathroom units with in-unit laundry....Price reduced! 4030-4034-4038 Martin Luther King Jr Way & 627 41st Street is a 9-unit mixed-use investment property. The property features a unit mix of various unit types including one large studio unit, four one-bedroom, one-bathroom units, two two-bedroom, one-bathroom units and two two-bedroom storefront units that have historically been leased as residential units and have recently been fully renovated with high-end finishes and built-out as two-bedroom, one-bathroom units with in-unit laundry. There are currently four units at the property that provide the opportunity to push market rents three of which could use unit upgrades.
  1. Listed by Keith Manson • DRE #01490046 • CBRE
  2. Listed by Zachary Greenwood • DRE #01960296 • CBRE

Property Details for 4030 Martin Luther King Jr Way

City
OAKLAND
Building Type
Lowrise (1-3 Flrs)
Property Sub Type
Lowrise (1-3 Flrs)
Garage/Parking
No Parking
View
Bay, Bay Bridge, Golden Gate Bridge, San Francisco
Total # Parking Spaces
0

Location

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary Greenwood, DRE #01960296

Sold By CBRE, Keith Manson, DRE #01490046

Add your commute
LISTING UPDATED: 07/07/2020 03:59 PM

Property Details for 4030 Martin Luther King Jr Way

StatusSold
MLS #40893850
Days on Compass134
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1923
Lot Size0.11 AC / 4,750 SF
CountyAlameda County

Location

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary Greenwood, DRE #01960296

Sold By CBRE, Keith Manson, DRE #01490046

Add your commute

Building Information for 4030 Martin Luther King Jr Way

Stories-Residences9Year Built1923Building Size-Lot Size0.11 AC / 4,750 SF

Payment Calculator

$15,874 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

$3,049

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4030 Martin Luther King Jr Way

Features
Feature Details
  • Flooring: Concrete Slab, Hardwood Floors, Other, Wood
  • Laundry: Inside Unit
Utility Details
  • Cooling: Ceiling Fan(s), Other
  • Heating: Other Heat
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Frame, Other
  • Lot Description: Corner, Level
  • Lot Sq Ft Apx: 4750
  • Lot Size Square Feet: 4750.0
  • Roof: Other
  • Sq Ft Apx: 7668
  • Year Built: 1923
Location Details
  • Directions to Property: Corner of MLK Jr Wy & 41st St
  • FIPS Code: 06001
  • Census Tract: 401000
  • Parcel Number: 12-1012-33-2
  • Printed Neighborhood Rpt: Yes
  • Board ID: QUATTRO San Francisco
Multi Family Information
General Details
  • All Units Have: Other, Oven Range Free Standing, Refrigerator
  • Some Units Have: Dishwasher, Disposal, Microwave, Updated Baths, Updated Kitchen
  • Units Total: 9
  • Basement: Other
  • Separate Meters: Electric, Gas, Water
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Other, Owner
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, License/Ads, Maintenance/Repair, Property Tax/Assessments, Trash Removal, Utilities, Vacancy Factor, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 2
  • Unit # 1 Occupied By: Vacant
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
Unit 2
  • Unit 2 # Units This Type?: 2
  • Unit # 2 Occupied By: Vacant
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
Unit 3
  • Unit 3 # Units This Type?: 2
  • Unit # 3 Occupied By: Vacant
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 # of Bathrooms: 1
Unit 4
  • Unit 4 # Units This Type?: 2
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 2
  • Unit # 4 # of Bathrooms: 1
Unit 5
  • Unit 5 # Units This Type?: 1
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 0
  • Unit # 5 # of Bathrooms: 1
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • On Site Parking Description: None
  • Tot Ann Oper Exp: 55221.0
  • Total Deposits: 0
Income / Expense Details
  • Annual Exp Year: 0
  • Annual Gross Sched Income: $215,608
  • Annual Insurance Expense: $0
  • Annual License Expense: $0
  • Annual Maint Expense: $0
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $0
  • Annual Taxes: $0
  • Annual Util Expense: $0
  • Annual Vacancy: 0.0
  • Gross Income: $0
  • Gross Operating Actual Income: $0
  • Gross Rent Multiplier: 11.26
  • Net Operating Income: $0
  • Other Annual Expense: $0
Other Financial Information
  • Cap Rate: 6.28
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 4030 Martin Luther King Jr Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4030 Martin Luther King Jr Way

Taxable ValueLand$593,028Additions$1,851,912Total$2,444,940
Tax Record2023$36,586 ($3,049 / month)
Home Facts
Total Finished SqFt7,668 SqFtAbove Grade Finished SqFt7,668 SqFtStories2Lot Size4,750 SqFtStyleOffice BuildingYear Built1923Year Renovated1938CountyALAMEDAAPN12-1012-33-2

Schools near 4030 Martin Luther King Jr Way

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Emerson Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary Greenwood, DRE #01960296

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.