3042 Martin Luther King Jr Way
Berkeley, CA, 94703-2402
$2,250,000
Beds
0 Baths
SqFt
0.09 Acres
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3042 MLK Jr. Way offers a rare investment opportunity for a fully renovated fourplex in South Berkeley’s high-demand rental market. Directly across from Ashby BART, tenants enjoy seamless transit access to Downtown Oakland, San Francisco, and the Bay Area. Fully remodeled with over $600K in upgrades, including 9-foot ceilings, dual pane windows, tankless water heaters, and modernized electrical systems. This property features four turn-key units: 1+bd/1ba, 3bd/2ba, 4bd/2ba, and a studio, totaling 3,790 sq. ft. of living space. Each unit has stainless steel appliances, updated kitchens, in-unit laundry, and central heating/AC, maximizing tenant comfort and retention. Generating $14,600/month with three of the four tenants paying utilities and one paying parking income, this is a high-yield, low-maintenance investment in one of Berkeley’s most desirable neighborhoods. Don’t miss out on this incredible opportunity!

Property Details

Price:
$2,250,000
MLS #:
41087575
Status:
Active
Baths:
0
Address:
3042 Martin Luther King Jr Way
Type:
Residential Income
Subtype:
Quadruplex
City:
Berkeley
Listed Date:
Feb 28, 2025
State:
CA
ZIP:
94703
Lot Size:
4,107 sqft / 0.09 acres (approx)
Year Built:
1909
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Level with Street, Yard
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2.00
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3042 Martin Luther King Jr Way
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