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$ 799,000
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Active
2831 Martin Luther King Jr Way Oakland, CA 94609
3,420 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $233
Subdivision Pill Hill
MLS Listing ID 41137937
HOA Y/N No
Year Built 1912
Lot Size 2,520 Sqft
Acres 0.06
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a fully occupied 5-unit apartment building in the heart of North Oakland. Located near the Temescal District, MacArthur BART, Berkeley, and Emeryville, this well-maintained property offers strong in-place income and long-term investment potential. The property features remodeled units, a newer roof, fresh exterior paint, and tenant-paid PG&E, helping reduce operating expenses. Electric water heaters further improve efficiency. The unit mix consists of four 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit, totaling approximately 3,420 square feet. Conveniently located near major transportation corridors, shopping, dining, and employment centers, this property is ideal for investors, owner-operators, and 1031 exchange buyers seeking stable cash flow in one of Oakland's strongest rental markets. Property to be sold in its present AS-IS condition. Buyer to independently verify all property information, including square footage, unit count, income, expenses, permits, and zoning.
Location
State CA
County Alameda
Rooms
Basement None
Interior
Heating Electric, MultiUnits
Cooling None
Flooring Hardwood, Laminate
Fireplace No
Appliance Electric Water Heater
Exterior
Utilities Available Sewer Connected, Individual Electric Meter
Building
Lot Description Curb(s), Garden, Security Gate
Water Water District
New Construction No
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Listed by Christopher Paratore • BHHS Drysdale Alameda