Jessie Espinosa

(209) 652-8112jessie@espinosa.org
    $2,395,000
    For Sale

    3042 Martin Luther King Jr Way

    Berkeley, CA 94703
    3755 sqft | 0.09 acres | #224133747
    Browse 45 photos
    Type:Multi-Family
    Structure:4 Family
    Zone:Residential

    Description

    Prime investment opportunity with this fully remodeled fourplex at 3042 MLK. This property boasts modern amenities and generates a substantial monthly cash flow of $14,590 from four occupied units. Located directly across from Ashby BART, this commuter's dream offers easy access to Oakland and San Francisco. It's also within walking distance to Berkeley Bowl and just a 10-minute bike ride to UC Berkeley. The unit mix includes a 4BD/2BA, a 3BD/2BA, a 2+BD/1BA, and a studio. This complete remodel, thoughtfully designed by local architects Sidell Pakravan, 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. With upcoming mixed-use development and new housing projects planned across the street, this property is poised for future growth and appreciation. The seller may also consider carrying a small second mortgage up to 10% LTV. See attached Video https://vimeo.com/857507511?share=copy

    • Property Details
        • AppliancesFree Standing Gas Range, Free Standing Refrigerator, Ice Maker, Microwave, Dishwasher, Disposal, Tankless Water Heater, ENERGY S
        • Utility FeaturesNatural Gas Connected, Cable Connected, Electric, Internet Available
        • Cooling FeaturesCeiling Fan(s), Central, Smart Vent, Varies by Unit, See Remarks
        • Sewer InformationSewer Connected, In & Connected, Public Sewer
        • FoundationConcrete Perimeter, Raised, SeeRemarks
        • Parking FeaturesOff Street, Uncovered, See Remarks
        • Utility SourceMeter on Site, Public
        • ViewHills, Varies by Unit
        • Property TypeMulti-Family
        • Exterior FeaturesFenced Yard
        • RoofComposition
        • ZoningCommercial
        • Property SubtypeQuadruplex
        • StyleEdwardian
        • MLS #224133747
        • MLS #224133747
        • CountyAlameda
        • Cost2395000
        • Lot DescriptionCorner
        • Acres0.0943
        • Square Feet3755
        • Year Built1909
        • Stories2
        • Parking Spaces2

    Location

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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

    Listing Courtesy
    Listing Agent: Chris Givens (#SGIVENCH)
    Listing Office: Christopher L. Givens (#01PLWR)

    Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
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    Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.