4030 Martin Luther King Jr Way
Oakland, CA 94609
0.11 acres | #41063575
Description
The Mitchell Warren Team is pleased to present 4030 Martin Luther King Jr Way, a well-maintained 9-unit mixed-use investment property located in Oakland's Temescal neighborhood. The property consists of two 2-bedroom, 1-bathroom units, four 1-bedroom, 1-bathroom units, one large studio unit, and two ground-floor commercial spaces. The current ownership has completed a substantial number of interior and exterior improvements including a new roof, electrical and plumbing upgrades, significant unit renovations, and fresh exterior paint.. The units are individually metered for electricity, gas, AND WATER minimizing the operating expenses. The property offers excellent in-place income with significant upside potential. This highly sought-after location will continue to attract premium tenants and maintain a low vacancy rate. The property is ideally located less than two blocks from Telegraph Avenue in Oakland's Temescal neighborhood. Residents benefit from a range of restaurant choices including Homeroom, Cholita Linda, and Bakesale Betty, as well as a variety of other restaurants and shopping options. Commuters will appreciate the close proximity of the Macarthur BART Station just one block away offering access to the entire Bay Area. 92 Walk Score!
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- Original List Price$2,950,000
- Lot DescriptionCornerLot
- MLS #41063575
- MLS #41063575
- CountyAlameda
- Cost2950000
- Acres0.109
- Year Built1923
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Timothy Warren (#BMLS-R02008347)
Listing Office: NAI Northern California (#BMLS-OBOJMTB)
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