Off Market

3042 Martin Luther King Jr Way, Berkeley, CA 94703

3042 Martin Luther King Jr Way, Berkeley, Alameda, CA, 94703
8 months ago
Views: 63

$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.

All data, photos, visualizations, and information regarding a property, including the property’s compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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

Data Source: SACM