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
Address:
2840 Martin Luther King Jr Way
Type:
Residential Income
Subtype:
Duplex
City:
Oakland
Listed Date:
Mar 17, 2025
State:
CA
ZIP:
94609
Lot Size:
3,320 sqft / 0.08 acres (approx)
Year Built:
1910
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Community
- Address2840 Martin Luther King Jr Way Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94609
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2840 Martin Luther King Jr Way
Oakland, CA
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