3042 Martin Luther King Jr Way, Berkeley, CA 94703-2402
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Listed Price :
$2,250,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1909
Property Description
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!
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Flooring Information |
| Material |
Tile, Vinyl |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
| Heating Type |
Forced Air, Heat Pump, Natural Gas |
Listing Information
| Address |
3042 Martin Luther King Jr Way |
| City |
Berkeley |
| State |
CA |
| Zip |
94703-2402 |
| County |
Alameda |
| Listing Agent |
Joey Wang DRE #01890931 |
| Courtesy Of |
Keller Williams Realty |
| List Price |
$2,250,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
4,107 |
| Year Built |
1909 |
Listing information courtesy of: Joey Wang, Keller Williams Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 28th, 2025 at 6:51 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
