3042 Martin Luther King Jr Way
Berkeley, CA 94703-2402
Active for $2,250,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 4,107 sqft
| MLS | 41087575 |
| Year Built | 1909 |
| Property Type | Quadruplex |
| County | Alameda |
| Status | Active |
| Active | $2,250,000 |
| Structure Size | N/A sqft |
| Lot Size | 4,107 sqft |
| Beds | N/A |
| Baths |
Description
3042 MLK Jr. Way offers a rare investment opportunity for a fully renovated fourplex in South Berkeley’s high-demand rental market. Directly across from Ashby BART, tenants enjoy seamless transit access to Downtown Oakland, San Francisco, and the Bay Area. Fully remodeled with over $600K in upgrades, including 9-foot ceilings, dual pane windows, tankless water heaters, and modernized electrical systems. This property features four turn-key units: 1+bd/1ba, 3bd/2ba, 4bd/2ba, and a studio, totaling 3,790 sq. ft. of living space. Each unit has stainless steel appliances, updated kitchens, in-unit laundry, and central heating/AC, maximizing tenant comfort and retention. Generating $14,600/month with three of the four tenants paying utilities and one paying parking income, this is a high-yield, low-maintenance investment in one of Berkeley’s most desirable neighborhoods. Don’t miss out on this incredible opportunity!
Listing information courtesy of: Joey Wang, Keller Williams Realty 510-592-4244. *Based on information from the Association of REALTORS/Multiple Listing as of 03/14/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Zepeur Der Hovanessian
Broker Associate
Direct: 818.807.9372
Email: Email Me
DRE: 00781827
DRE #01873088
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