Whether you're an owner-occupant or an investor, this fully remodeled fourplex offers a compelling opportunity in a prime location. 3042 MLK is a commuter's paradise with modern amenities and existing cashflow ($11,010/mo.) delivered from 3 out of 4 occupied units. The building is located across the street from Ashby Bart with easy access to Oakland/San Francisco, walking distance to Berkely Bowl and a 10-minute bike ride to UC Berkeley. It has a unit mix consisting of a 3BD/2BA (vacant), 4BD/2BA, 2+BD/1BA and studio totaling 3796 sq. ft. This was a complete remodel thoughtfully designed by local Architects Sidell Pakravan with scope of work including new foundation, Andersen windows, plumbing, electrical, central heat, active ventilation, stainless appliances, in-unit washer and dryers, and new sewer lateral. With plans for a mixed-use development and new housing across the street, this property is in the path of development with lots of potential for future growth and appreciation. Seller may carry small second up to 10% LTV at 6% interest only for 5 years
Property Details
Property Features
Property Information:
Year Built: 1909
Listing Office:
Office Name: Compass
Office Email: kathy@compass.com
Listing Agent: Francisco Valdez
Interior Features
Interior Information:
Appliances: Dryer, Washer
Flooring Type: Laminate, Tile
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot: Corner Lot, Front Yard
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Forced Air
Other
Directions Information:
Directions: Corner of Martin Luther King and Prince st Cross Street: Prince st.
Price Information
Listing Price Info
Price Summary:
List Price: $2,595,000
Tax Information:
Annual Amount: $8,449
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Berkeley, CA.
This property is $1.2M more than the Median Sold Price in Berkeley, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #41053861
Listing Office:
Office Name: Compass
Office Email: kathy@compass.com
Listing Agent: Francisco Valdez
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 1:20:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 29, 1995
Dec 29, 1995Home Sold
$169,000
Jan 25, 1990
Jan 25, 1990Home Sold
$260,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,449
$256,815
2020
$8,449
$254,184
2019
$7,504
$249,201
2018
$7,207
$244,315
2017
$7,207
$239,526
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Malcolm X Elementary School
1731 Prince St
Distance between this listing and this school0.14 miles
Public District Grades KG-5
7
/10
Leconte Elementary School
2241 Russell St
Distance between this listing and this school0.59 miles
Public District Grades KG-5
7
/10
Peralta Elementary School
460 63rd St
Distance between this listing and this school0.70 miles
Public District Grades KG-5
Nearby Schools
4
/10
Sankofa Academy
581 61st St
Distance between this listing and this school0.54 miles
Public District Grades KG-8
6
/10
Longfellow Arts and Technology Middle School
1500 Derby St
Distance between this listing and this school0.56 miles
Public District Grades 6-8
9
/10
Willard Middle School
2425 Stuart St
Distance between this listing and this school0.83 miles
Public District Grades 6-8
Nearby Schools
4
/10
Emery Secondary School
915 54th St
Distance between this listing and this school1.03 miles
Public District Grades 9-12
7
/10
Berkeley High School
1980 Allston Way
Distance between this listing and this school1.06 miles
Public District Grades 9-12
2
/10
Oakland Military Institute, College Preparatory Academy
3877 Lusk St
Distance between this listing and this school1.62 miles
The neighbors living near this home have an average income of $53,774. The majority of Berkeley, CA residents have income less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
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This home is located at 3042 Martin Luther King Jr Way in Berkeley, CA and zip code 94703 in the South Berkeley neighborhood. This home, which was built in 1909, sits on a 0.09 acre lot. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $2,595,000.
While more than 34 listings in Berkeley, CA in March 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 7 were sold below. The inventory of homes for sale in Berkeley, CA between February 2024 and March 2024 increased by 32.7%. In March 2024 median list price was $1,388,000 and the average listing age was 18 days.
From Rocket Homes Real Estate and based on county public records data.