3042 Martin Luther King Jr Way
Berkeley, CA 94703
- – beds
- – baths
- 3,796 sqft
- 4,107 sqft lot
- $592 per sqft
- 1909 build
- – on site
3042 MLK Jr. Way offers a rare investment opportunity for a fully renovated fourplex in South Berkeley’s high-demand rental market. Directly across from Ashby BART, tenants enjoy seamless transit access to Downtown Oakland, San Francisco, and the Bay Area. Fully remodeled with over $600K in upgrades, including 9-foot ceilings, dual pane windows, tankless water heaters, and modernized electrical systems. This property features four turn-key units: 1+bd/1ba, 3bd/2ba, 4bd/2ba, and a studio, totaling 3,790 sq. ft. of living space. Each unit has stainless steel appliances, updated kitchens, in-unit laundry, and central heating/AC, maximizing tenant comfort and retention. Generating $14,600/month with three of the four tenants paying utilities and one paying parking income, this is a high-yield, low-maintenance investment in one of Berkeley’s most desirable neighborhoods. Don’t miss out on this incredible opportunity!
Last checked:
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Last updated Feb 28, 2025
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MLS# 41087575 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1909
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Building Area Units:Square Feet
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Construction Materials:Concrete
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Basement:None
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Window Features:Screens
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Security Features:Carbon Monoxide Detector(s)
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Building Area Total:3796
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Building Area Source:Public Records
Interior
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Interior Features:Updated Baths
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Flooring:Tile
Room Dimensions
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Living Area:3796
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Living Area Units:Square Feet
Location
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Directions:West on Ashby Ave, left on MLK Jr Way
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Exterior Features:Side Yard
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Parcel Number:53160116
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Lot Features:2 Houses / 1 Lot
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Lot Size Area:0.09
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Lot Size Acres:0.09
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Lot Size SqFt:4107
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Lot Size Units:Acres
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Fencing:Partial Fence
Listing Agent
- Contact info:
- Agent phone:
- (510) 592-4244
Taxes
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Tax Tract:4240.01
The Listing
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Listing Terms:None
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:Zoned
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Heating:true
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Cooling:Ceiling Fan(s)
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Cooling:true
Utilities
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Utilities:All Public Utilities
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Electric On Property:true
Appliances
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Appliances:Dryer
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Laundry Features:220 Volt Outlet
The Community
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Association:false
Parking
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Garage:true
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Attached Garage:false
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Carport:false
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Parking Features:No Garage
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/28/25
Feb 28, 2025
|
Listed / Active | BRIDGE | $2,250,000 | |
|
4/26/24
Apr 26, 2024
|
Price Changed | CRMLS_CA | ||
|
4/2/24
Apr 2, 2024
|
Listed / Active | CRMLS_CA |
