Property Details
About this Property
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.
MLS Listing Information
MLS #
MR41089769
MLS Source
Bridge MLS
Days on Site
57
Interior Features
Flooring
Carpet - Wall to Wall, Wood
Cooling
Air Conditioning - None
Heating
Floor Furnace
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Detached, Garage: Car(s)
Sewer
Public Sewer
Complex Amenities
Other
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 2 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 4 | 0/0 | – |
| 2 | – | 4 | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2840 Martin Luther King Jr Way is a Duplex in Oakland, CA 94609. This 2,751 square foot property sits on a 3,320 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $980,000 and was built in 1910. This address can also be written as 2840 Martin Luther King Jr Way, Oakland, CA 94609.
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This listing information is up-to-date as of May 03, 2025. For the most current information, please contact Nolan Jones, (510) 867-4806
