2840 Martin Luther King Jr Way, Oakland, CA 94609

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2840 Martin Luther King Jr Way,Oakland, CA 94609
$980,000
  • - Beds
  • - Baths
  • 2,751 sq. ft.
  • Multi-family
  • Active
Listed by:nolan jones(510) 867-4806
Office:keller williams tri valley realty
MLS#:41089769
Source:CAREIL

Price summary

  • Price:$980,000
  • Price per sq. ft.:$356.23

About this home

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.

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Home facts

  • Year built:1910
  • Listing ID #:41089769
  • Added:108 day(s) ago
  • Updated:September 10, 2025 at 04:11 PM

Rooms and interior

  • Living area:2,751 sq. ft.

Heating and cooling

  • Cooling:No Cooling
  • Heating:Floor Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1910
  • Building area:2,751 sq. ft.
  • Lot area:0.08 Acres

Utilities

  • Sewer:Sewer - Public

Finances and disclosures

  • Price:$980,000
  • Price per sq. ft.:$356.23
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