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4030 Martin Luther King Jr Way

Oakland, CA 94609
  • $3,588,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 421610871
$3,588,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,668
    SQFT
  • $468
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Description

4030-4034-4038 MLK Jr Wy & 627 41st St is a 9-unit mixed-use investment property centrally located on the border of the Temescal Neighborhood of Oakland, Ca and situated one-block from the MacArthur BART Station. Built in 1923 & renovated in 2020/2021 this 7,668 SF structure is situated on a 4,750 SF lot at the corner of MLK Jr Wy and 41st St. The Property features a unique unit mix that includes 1 X large studio unit, 4 X 1-bed, 1-bath units, 2 X 2-bed, 1-bath units, & 2 X storefront units that have been significantly renovated with high-end finishes and built-out as 2-bed, 1-bath units with in-unit laundry. The building is fully occupied and 7 of the 9 units have been significantly renovated. The units are all large and feature classic character & have been upgraded with modern finishes. All units are individually metered for water/sewer, gas & electric. The current rent is 20% below market rate and provides the potential opportunity to increase the NOI by 28%.

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© 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams San Francisco. Data last updated 2021-12-04T00:21:08.2.
www.sfhothomes.com/homes/123185874
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4030 Martin Luther King Jr Way Oakland, CA 94609

  • Price: $3,588,000
  • Status: Active
  • On Site: 23 Days
  • MLS #: 421610871
0
Beds
0
Baths
0
½ Baths
N/A
Acres
7,668
SQFT
$468
$/SQFT
1923
Built
Neighborhood:
Oakland Zip 94609
County:
Alameda
Area:
Oakland Zip 94609
Property Description
4030-4034-4038 MLK Jr Wy & 627 41st St is a 9-unit mixed-use investment property centrally located on the border of the Temescal Neighborhood of Oakland, Ca and situated one-block from the MacArthur BART Station. Built in 1923 & renovated in 2020/2021 this 7,668 SF structure is situated on a 4,750 SF lot at the corner of MLK Jr Wy and 41st St. The Property features a unique unit mix that includes 1 X large studio unit, 4 X 1-bed, 1-bath units, 2 X 2-bed, 1-bath units, & 2 X storefront units that have been significantly renovated with high-end finishes and built-out as 2-bed, 1-bath units with in-unit laundry. The building is fully occupied and 7 of the 9 units have been significantly renovated. The units are all large and feature classic character & have been upgraded with modern finishes. All units are individually metered for water/sewer, gas & electric. The current rent is 20% below market rate and provides the potential opportunity to increase the NOI by 28%.
Exterior Features

Construction Materials FrameStuccoWood Foundation Details ConcreteConcreteperimeterSlab Independent Parking Spaces 0 Lot Features CornerCul-De-SacCurb(S)Curbs/GuttersShape RegularSidewalk Parking Total 0 Roof OtherSee Remarks Tandem Parking Spaces 0

Interior Features

Appliances DishwasherDisposalFree Standing Gas OvenFree Standing Gas RangeFree Standing RefrigeratorGas Water HeaterMicrowaveVaries By Unit Basement None Cooling Ceiling Fan(S)Varies By UnitOther Flooring TileVinylWood Heating CentralGasWall FurnaceSee Remarks Interior Features Formal Entry Laundry Features In Each UnitVaries By Unit Rooms Total 12 Unit1 Approx Sq Ft 0 Unit1 Bedrooms 0 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1of Rooms 0 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2of Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 2 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3of Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 2 Unit4 Full Baths 1 Unit4 Partial Baths 0 Unit4of Rooms 0 Window Features See Remarks

Property Features

1 Bedroom Rent Range 832-2945 2 Bedroom Rent Range 1795-2995 Cap Rate 7.03 Commercial Rent Range 2575-2795 Listing Terms 0 Number Of Units Vacant 0 Property Sub Type 5 Or More Units Security Features Secured AccessSee Remarks Separate Meters ElectricityGasWater Special Listing Conditions None Studio Rent Range 2295 Subtype Description ApartmentsGarden ApartmentsMixed Use Tenant Pays ElectricityGasSewerWater Unit Type Commercial Units Total 2 Unit Type Studio Units Total 1 Unit Type1 Bedroom Units Total 4 Unit Type2 Bedroom Units Total 2 Unit Type3 Bedroom Units Total 0 Unit Type4 Bedroom Units Total 0 Unit1 Rent 0 Unit1 Type Apartment Unit2 Rent 0 Unit2 Rent1 0 Unit2 Type Apartment Unit3 Type Apartment Unit4 Rent 0 Unit4 Type Apartment

Listing provided courtesy of Keith Manson of Cbre.


© 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams San Francisco. Data last updated 2021-12-04T00:21:08.2.
 
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