2840 Martin Luther King Jr Way Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94609
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41089769
Year Built 1910
Lot Size 3,319 Sqft
Property Sub-Type Duplex
Property Description
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.
Location
State CA
County Alameda
Interior
Heating Floor Furnace
Flooring Carpet,Wood
Exterior
Parking Features Garage
Roof Type Shingle
Building
Lot Description Corner Lot
Sewer Public Sewer