2840 Martin Luther King Jr Way, Oakland, CA 94609 - Berkshire Hathaway HomeServices California Properties

2840 Martin Luther King Jr Way, Oakland, CA 94609

$980,000 Approx. USD 0 beds, 0 baths

Listing Agent


Nolan Jones | nolan@theprescottcompany.com
Lic#: 01509417
Broker: Courtesy of KELLER WILLIAMS TRI VALLEY REALTY

Agent Remarks

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.

Listing Details

Property type: Duplex (Multi-Family)
Status: Active
MLS# 41089769
Price: $980,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1910
0.08 acres
Lot size: 0.0762
County: Alameda
Construction: Wood Siding
Parking description: Garage
Lot description: Corner Lot
Heating description: Floor Furnace

Last Updated: 5/3/2025

 Days On Market (DOM): 73

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Lat/Long: 37.818936, -122.270849.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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