Active

4030 Martin Luther King Jr Way

Oakland CA, 94609

$2,950,000


$384.72 per sqft

Active

7,668 sqft

Residential

Built in 1923

The Mitchell Warren Team is pleased to present 4030 Martin Luther King Jr Way, a well-maintained 9-unit mixed-use investment property located in Oakland's Temescal neighborhood. The property consists of two 2-bedroom, 1-bathroom units, four 1-bedroom, 1-bathroom units, one large studio unit, and two ground-floor commercial spaces. The current ownership has completed a substantial number of interior and exterior improvements including a new roof, electrical and plumbing upgrades, significant unit renovations, and fresh exterior paint.. The units are individually metered for electricity, gas, AND WATER minimizing the operating expenses. The property offers excellent in-place income with significant upside potential. This highly sought-after location will continue to attract premium tenants and maintain a low vacancy rate. The property is ideally located less than two blocks from Telegraph Avenue in Oakland's Temescal neighborhood. Residents benefit from a range of restaurant choices including Homeroom, Cholita Linda, and Bakesale Betty, as well as a variety of other restaurants and shopping options. Commuters will appreciate the close proximity of the Macarthur BART Station just one block away offering access to the entire Bay Area. 92 Walk Score!

41063575

MLS ID

June 17, 2024

Listed

June 24, 2024

Updated

Map

4030 Martin Luther King Jr Way
Oakland CA, 94609

Interior Features

Floor Description

Hardwood, Vinyl, Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.11 Acres


Lot Features

Corner Lot


Sewer

Public Sewer

Other Property Details

Area Name

Oakland


Garage

No


Parking

On Street


View

No


County

Alameda


Pool

No


Buyer Agency Compensation

2%

Listed by Timothy Warren with NAI Northern California
Listing Contact: 510-336-4719 

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