3042 Martin Luther King Jr Way | Berkeley, CA 94703
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- LoopNet Team
3042 Martin Luther King Jr Way
Berkeley, CA 94703
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Fully remodeled with over $600K in upgrades, including 9-foot ceilings, dual pane windows, tankless water heaters, and modernized electrical systems.
- Generating $14,600/month with three of the four tenants paying utilities and 1 paying parking income, this is a high-yield, low-maintenance investment
- Directly across from Ashby BART, tenants enjoy seamless transit access to Downtown Oakland, San Francisco, and the Bay Area.
PROPERTY FACTS
| No. Units | 4 | Building Size | 3,796 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1909/2023 |
| Building Class | C | Parking Ratio | 0.53/1,000 SF |
| Lot Size | 0.11 AC | ||
| Zoning | MIX USE | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,796 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1909/2023 |
| Parking Ratio | 0.53/1,000 SF |
| Zoning | MIX USE |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Bay Window
- Ceiling Fans
- Tile Floors
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
- Built-In Bookshelves
- Dining Room
- Double Pane Windows
- Garden
- Intercom
- Lawn
- Patio
- Quartz Countertops
SITE AMENITIES
- Zen Garden
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $3,450 | 768 |
| Studios | 1 | $1,932 | 309 |
| 3+2 | 1 | $3,750 | 889 |
| 4+2 | 1 | $4,995 | 1,405 |
PROPERTY TAXES
| Parcel Number | 053-1601-016-00 | Improvements Assessment | $1,310,979 |
| Land Assessment | $549,171 | Total Assessment | $1,860,150 |
PROPERTY TAXES
Parcel Number
053-1601-016-00
Land Assessment
$549,171
Improvements Assessment
$1,310,979
Total Assessment
$1,860,150
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