3042 Martin Luther King Jr Way, Berkeley, CA 94703

Local realty services provided by:Better Homes and Gardens Real Estate Integrity Real Estate
3042 Martin Luther King Jr Way,Berkeley, CA 94703
$2,495,000
  • - Beds
  • - Baths
  • 3,796 sq. ft.
  • Multi-family
  • Active
Listed by:christopher givens
Office:christopher l. givens
MLS#:225114635
Source:MFMLS

Price summary

  • Price:$2,495,000
  • Price per sq. ft.:$657.27

About this home

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

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Home facts

  • Year built:1909
  • Listing ID #:225114635
  • Added:14 day(s) ago
  • Updated:September 12, 2025 at 02:48 PM

Rooms and interior

  • Living area:3,796 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central, Varies by Unit
  • Heating:Central, Fireplace(s), Natural Gas

Structure and exterior

  • Roof:Composition Shingle
  • Year built:1909
  • Building area:3,796 sq. ft.
  • Lot area:0.09 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,495,000
  • Price per sq. ft.:$657.27
MLS LogoMetroList MLS 2025. This information is being provided by MetroList MLS. All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data Updated: September 12, 2025. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any offer of compensation is made only to Participants of MLS where the subject listing is filed and in accordance with such MLS's regulations or rules.

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