2840 Martin Luther King Jr WAY, Oakland, CA 94609
2840 Martin Luther King Jr WAY, Oakland, CA 94609
2840 Martin Luther King Jr WAY, Oakland, CA 94609
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Listed by Nolan Jones, DRE #01509417 • KELLER WILLIAMS TRI VALLEY REALTY
$980,000
Est. payment /mo
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8 Beds
1 Bath
2,751 SqFt
Active

2840 Martin Luther King Jr WAY Oakland, CA 94609

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Adrian Chu

Adrian Chu

+1(206) 407-5452

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,751 sqft

Price per Sqft $356

MLS Listing ID MR41089769

Bedrooms 8

Year Built 1910

Lot Size 3,320 Sqft

Property Sub-Type Duplex

Source Bridge MLS

Property Description

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.

Location

State CA

County Alameda

Area Oakland Zip Code 94609

Interior

Heating Floor Furnace

Cooling Air Conditioning - None

Flooring Carpet - Wall to Wall, Wood

Exterior

Exterior Feature Siding - Wood

Parking Features Detached Garage

Roof Type Composition

Building

Sewer Sewer - Public

Others

Tax ID 9-697-27

MLS Listing IDX PLUS
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Adrian Chu

Adrian Chu

Founder & CEO

+1(206) 407-5452

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2840 Martin Luther King Jr WAY