IN CONTRACT, REVIEWING BACKUPS - 5 UNITS NEAR BART
CBRE' s East Bay Multifamily Team, led by Keith Manson, is pleased to offer 4211 Martin Luther King Jr Way in Oakland, California.
4211 MLK Jr Way is a multifamily investment property that features a total of 5 units. The unit mix is made up of 4 X one-bedroom apartments and 1 X two-bedroom house. The site is located on the border of the trendy Temescal neighborhood and Mosswood neighborhood. The property is situated at the corner of Martin Luther King Jr. Way and 42nd Street, and is just a 6-minute walk to MacArthur Bart Station.
The property provides a unique opportunity for investors and 1031 exchange buyers to acquire a quality investment property in a neighborhood that is poised for tremendous growth over the next few years. Making up one of Oakland' s most up and coming submarkets, The Temescal/Peidmont/Mosswood Neighborhoods, are known for their numerous shops and restaurants on Telegraph Ave and 40th St, such as Bakesale Betty, Burma Superstar, Lanesplitter Pizza, The Kingfish Pub, Hog' s Apothecary, and Homeroom.
Furthermore, the property' s prime location is less than a ten-minute drive from a plethora of restaurants, bars, and upscale retail stores on College Avenue the heart of The Rockridge Neighborhood, and is just a mile away from Piedmont Avenue' s local boutique shops, cinema, and fine dining options.The property offers easy access to the Interstate 580, 80 and Highway 24. The site is located just .3 miles away from the MacArthur BART Station and is walking distance to 5 AC Transit Bus Lines which gives commuters direct access to San Francisco, Oakland, Berkeley, Walnut Creek and almost anywhere in the Bay Area.
