CA > Oakland
Oakland, CA 94609,2840 Martin Luther King Jr Way
Oakland, CA 94609,2840 Martin Luther King Jr Way
Oakland, CA 94609,2840 Martin Luther King Jr Way
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$980,000
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3,319 Sqft Lot
Active

2840 Martin Luther King Jr Way Oakland, CA 94609

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Mason Frakes

Mason Frakes

+1(805) 260-4860

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41089769

HOA Y/N No

Year Built 1910

Lot Size 3,319 Sqft

Property Sub-Type Duplex

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

Interior

Heating Floor Furnace

Flooring Carpet, Wood

Fireplace No

Exterior

Parking Features Garage

Roof Type Shingle

Building

Lot Description Corner Lot

Sewer Public Sewer

Others

Tax ID 969727

CRMLS – RECore
Listed by Nolan Jones KELLER WILLIAMS TRI VALLEY REALTY

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Mason Frakes

Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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2840 Martin Luther King Jr Way

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