2840 Martin Luther King Jr Way
Oakland, CA, 94609
$980,000
Beds
0 Baths
SqFt
0.08 Acres
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MLS #41089769 image #0MLS #41089769 image #1MLS #41089769 image #2MLS #41089769 image #3MLS #41089769 image #4MLS #41089769 image #5
Exceptional Investment Opportunity – 5-Unit Upside with Plans Approved! Don’t miss this rare chance to acquire a multi-unit property with built-in value-add potential! Currently improved with two legal units and two legal non-conforming units, this asset includes approved building plans to legalize the existing non-conforming units and construct a brand-new fifth unit. Once fully developed, the property is projected to generate pro forma rental income of nearly $11,000/month—a strong return in a high-demand rental market. Ideal for owner-users, investors, or 1031 buyers looking for stable income with room to grow. Highlights: 2 legal units + 2 legal non-conforming units Plans approved to legalize all 4 existing units and add a 5th Projected monthly income: ~$11,000 Strong rental demand and upside potential Convenient location near transit, shops, and amenities This is a turn-key opportunity for the right investor to unlock significant cash flow and long-term value.

Property Details

Price:
$980,000
MLS #:
41089769
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Duplex
Listed Date:
Mar 17, 2025
Lot Size:
3,320 sqft / 0.08 acres (approx)
Year Built:
1910

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Market Summary

Current real estate data for Residential Income in Oakland as of Oct 22, 2025
231
Residential Income Listed
217
Avg DOM
$1,023,602
Avg List Price

Property Summary

    2840 Martin Luther King Jr Way Oakland CA is a Residential Income for sale in Oakland, CA, 94609. It is listed for $980,000

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2840 Martin Luther King Jr Way
Oakland, CA