6
See all 6 photos
$980,000
Est. payment /mo
3,319 Sqft Lot
Active
2840 Martin Luther King Jr Way Oakland, CA 94609
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Key Details
Property Type 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
Listed by Nolan Jones • KELLER WILLIAMS TRI VALLEY REALTY