Property Details
About this Property
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.
MLS Listing Information
MLS #
ME225114635
MLS Source
MetroList Services, Inc.
Days on Site
16
Interior Features
Kitchen
Varies by Unit
Appliances
Dishwasher, Garbage Disposal, Ice Maker, Microwave, Other, Oven Range - Gas, Refrigerator
Flooring
Simulated Wood, Tile, Wood
Cooling
Ceiling Fan, Central Forced Air, Other, Varies by Unit
Heating
Central Forced Air, Fireplace, Gas - Natural
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter, Raised, Other
Style
Edwardian
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Other, Garage: 0 Car(s)
Elementary District
Berkeley Unified
High School District
Berkeley Unified
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Complex Amenities
Community Security Gate
Zoning
Commercial
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,410 | 4 | 2/0 | $5,145 |
| 2 | 889 | 3 | 2/0 | $4,270 |
| 3 | 768 | 2 | 1/0 | $3,450 |
| 4 | 304 | 1 | 1/0 | $2,007 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3042 Martin Luther King Jr Way is a Residential Income in Berkeley, CA 94703. This 3,796 square foot property sits on a 4,108 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,495,000 and was built in –. This address can also be written as 3042 Martin Luther King Jr Way, Berkeley, CA 94703.
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This listing information is up-to-date as of September 02, 2025. For the most current information, please contact Christopher Givens, (916) 275-8937
