Off Market

3042 Martin Luther King Jr Way, Berkeley, CA 94703

3042 Martin Luther King Jr Way, Berkeley, Alameda, CA, 94703
3 months ago
Views: 20

$2,495,000(Negotiable)

Overview

3471456

Type

Quadruplex

Parking

Yes

Sqft

3796

Build Year

1909

Purpose

For Sale

About This Listing

Rare opportunity to own a fully renovated multifamily property in Berkeley. This turnkey investment generates approximately $15,000 per month in rental income and has been rebuilt from the foundation up with over $600,000 in upgrades. The unit mix includes a spacious 4BD/2BA, a 3BD/2BA, a 2+BD/1BA, and a studio appealing to a wide range of tenants. This complete remodel 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. The property is stabilized with strong tenants, providing secure income and long-term upside. Its location is unbeatable directly across from Ashby BART, Silicon Valley commuter shuttles, and just minutes to UC Berkeley, shops, and dining. With future mixed-use development planned at Ashby BART this is a rare chance to secure a high-performing, transit-oriented Berkeley investment with both immediate cash flow and appreciation potential.

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MetroList CA data Last Updated: October 30, 2025, 4:15 am

Data Source: SACM