Exceptional opportunity to acquire a fully occupied 5-unit apartment building in one of North Oakland’s most sought-after rental markets, offered at $799,000. The property features an excellent unit mix of four 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, providing stable in-place income and broad tenant appeal. This well-maintained asset has benefited from significant recent capital improvements, including remodeled units, a newer roof, and fresh exterior paint, allowing investors to acquire a turnkey property with reduced near-term capital expenditures. Separately metered PG&E service allows tenants to pay their own gas and electricity, helping improve operating efficiency. Ideally situated just minutes from the Temescal District, MacArthur BART Station, UC Berkeley, Emeryville, Downtown Oakland, Kaiser Permanente, and major freeways, the property enjoys strong rental demand driven by convenient access to employment centers, shopping, dining, and public transportation. The property is 100% occupied and generates approximately $89,523 in annual scheduled rental income, providing immediate cash flow from the first day of ownership. Whether you’re completing a 1031 exchange, expanding an existing portfolio, or acquiring your first multifamily investment, this property offers an outstanding combination of location, stability, and long-term investment potential.
Property Details
Price:
$799,000
MLS #:
41137937
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
PILL HILL
Listed Date:
Jun 11, 2026
Lot Size:
2,520 sqft / 0.06 acres (approx)
Year Built:
1912
See this Listing
Schools
Interior
Appliances
EWH
Cooling
NO
Heating
ELC
Exterior
Construction Materials
STC
Parking Spots
2
Parking Total
2
Financial
Map
Community
- Address2831 Martin Luther King Jr Way Oakland CA
- SubdivisionPILL HILL
- CityOakland
- CountyAlameda
- Zip Code94609
Subdivisions in Oakland
- ALAMEDA
- ALLENDALE
- ARROYO PARK
- CENTRAL STATION-PACIFIC CANNERY LOFTS
- CLEVELAND HEIGHTS
- CLINTON
- CRESTMONT
- CROCKER HGHLANDS
- CROCKER/GLENVIEW
- DIMOND
- E OAKLAND
- EAST OAKLAND
- ELMHURST
- GLENVIEW
- HARRINGTON
- HIGHLAND PARK
- HILLER HIGHLANDS
- Hoover-Foster
- JACK LONDON
- KING ESTATES
- LAKESIDE
- LAS PALMAS
- LINCOLN HIGHLAND
- LOCKWOOD
- Longefellow
- LOWER ROCKRIDGE
- MACARTHUR
- MERRIEWOOD
- MILLMONT
- MONTCLAIR
- MOSSWOOD
- NOBE
- OAK CENTER
- OAK KNOLL
- OAKLAND
- OAKLAND HILLS
- OAKLAND ZOO
- PIEDMONT BORDER
- PRESCOTT
- Prescott South
- REDWOOD HEIGHTS
- RIDGEMONT
- ROCKRIDGE
- SAN ANTONIO
- SANTA FE
- SEQUOYAH HILLS
- TEMESCAL
- UPPER DIMOND
- UPPER LAUREL
- UPPER MILLSMONT
- UPPER ROCKRIDGE
- Uptown
- WEST OAK
- WEST OAKLAND
Market Summary
Current real estate data for Single Family in Oakland as of Aug 03, 2026
393
Single Family Listed
104
Avg DOM
500
Avg $ / SqFt
$955,179
Avg List Price
Property Summary
- Located in the PILL HILL subdivision, 2831 Martin Luther King Jr Way Oakland CA is a Single Family for sale in Oakland, CA, 94609. It is listed for $799,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1912. The average price per square foot for Single Family listings in Oakland is $500. The average listing price for Single Family in Oakland is $955,179.
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2831 Martin Luther King Jr Way
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