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Sherri Patterson

sherri@sherripatterson.net +1(916) 801-1105

$ 2,495,000

Est. payment -/mo

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3042 Martin Luther King Jr WAY Berkeley, CA 94703

3,796 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,796 sqft

Price per Sqft $657

MLS Listing ID 225114635

HOA Y/N No

Year Built 1909

Lot Size 4,108 Sqft

Acres 0.0943

Property Sub-Type Quadruplex

Source MLS Metrolist

Property Description

Rare opportunity to own a fully renovated multifamily property in Berkeley. This turnkey investment generates approximately $15,000 per month in rental income and has been rebuilt from the foundation up with over $600,000 in upgrades. The unit mix includes a spacious 4BD/2BA, a 3BD/2BA, a 2+BD/1BA, and a studio appealing to a wide range of tenants. This complete remodel features a new foundation, Andersen windows, updated plumbing and electrical systems, central heating, active ventilation, stainless steel appliances, in-unit washers and dryers, and a new sewer lateral. The property is stabilized with strong tenants, providing secure income and long-term upside. Its location is unbeatable directly across from Ashby BART, Silicon Valley commuter shuttles, and just minutes to UC Berkeley, shops, and dining. With future mixed-use development planned at Ashby BART this is a rare chance to secure a high-performing, transit-oriented Berkeley investment with both immediate cash flow and appreciation potential.

Location

State CA

County Alameda

Area Berkeley Map Area 8

Direction Google Maps - Corner of MLK and Prince Street in Berkeley.

Interior

Heating Central, Fireplace(s), Natural Gas

Cooling Ceiling Fan(s), Central, Smart Vent, Varies by Unit, See Remarks

Flooring Simulated Wood, Tile, Wood

Equipment Low-Flow Toilet(s)

Window Features Caulked/Sealed,Dual Pane Full,Varies by Unit,Low E Glass Full,Window Coverings

Appliance Free Standing Gas Range, Free Standing Refrigerator, Ice Maker, Dishwasher, Microwave, Disposal, Tankless Water Heater, Varies By Unit, ENERGY STAR Qualified Appliances, See Remarks

Laundry In Each Unit

Exterior

Exterior Feature Fenced Yard

Parking Features Off Street, Uncovered, See Remarks

Utilities Available Cable Connected, Sewer Connected, Sewer In & Connected, Electric, Internet Available, Natural Gas Connected

Water Access Desc Meter on Site,Public

View Hills, Varies by Unit

Roof Type Composition

Topography Level

Porch Uncovered Patio

Total Parking Spaces 2

Building

Lot Description Corner

Foundation ConcretePerimeter, Raised, SeeRemarks

Sewer Public Sewer

Water Meter on Site, Public

Architectural Style Edwardian

Level or Stories Two

Schools

Elementary Schools Berkeley Unified

Middle Schools Berkeley Unified

High Schools Berkeley Unified

School District Alameda

Others

Senior Community No

Tax ID 0531-6011-6

Special Listing Condition None

Virtual Tour https://vimeo.com/857507511?share=copy

Listed by Christopher L. Givens

Sherri Patterson

Broker Associate | License ID: 01273462

+1(916) 801-1105

Sherri Patterson

3042 Martin Luther King Jr WAY Berkeley, CA 94703

Key Details

Location

Interior

Exterior

Building

Schools

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3042 Martin Luther King Jr WAY