2840 Martin Luther King Jr Way
2840 Martin Luther King Jr Way
2840 Martin Luther King Jr Way
2840 Martin Luther King Jr Way
2840 Martin Luther King Jr Way
2840 Martin Luther King Jr Way
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2840 Martin Luther King Jr Way
2840 Martin Luther King Jr Way
2840 Martin Luther King Jr Way
2840 Martin Luther King Jr Way
2840 Martin Luther King Jr Way
2840 Martin Luther King Jr Way
For Sale

2840 Martin Luther King Jr Way

2840 Martin Luther King Jr Way, Oakland, CA 94609

$980,000
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.

8
beds

2,751 Sq.Ft. LIVING AREA

3,320 Sq.Ft. lot

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 2840 Martin Luther King Jr Way, Oakland, CA 94609. We are reviewing your request and will be in touch shortly!
Nolan Jones

Nolan Jones

Features & Amenities

Interior

  • total bedrooms8
  • Flooring Carpet, Wood
  • other interior Features Formal Entry

Area & Lot

  • Status For Sale
  • Living Area2,751 Sq.Ft.
  • Lot Area3,320 Sq.Ft.
  • MLS® ID41089769
  • TypeMulti-Family
  • YEAR BUILT1910

Exterior

  • lot featuresCorner Lot
  • parkingDetached
  • HEAT TYPEFloor Furnace
  • AIR CONDITIONINGNo Air Conditioning
  • security FeaturesSecurity Gate

Financial

  • Sales Price$980,000

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Work With Us

The Prescott Company prides itself on being an expert in the market, as well as providing our clients with the necessary timely information, analysis, and strategies to ensure that our clients are able to successfully execute on their individual investment goals.

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