2840 Martin Luther King Jr Way, Oakland, CA 94609

Duplex
Built in 1910
3,319sqft lot
—— car garage
$——/sqft
Listed 4 months ago

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.

Listing Status:: Active
Date Added:: March 17, 2025 at 05:00AM
Listing Office:: KELLER WILLIAMS TRI VALLEY REALTY : 925-397-4200
Listing Agent:: Nolan Jones : 510-867-4806
MLS ID:: 41089769

Flooring: CarpetWood
A/C: None
Heating: Floor Furnace

This listing courtesy of Nolan Jones, KELLER WILLIAMS TRI VALLEY REALTY

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Hoover Elementary School

890 Brockhurst St, Emeryville, CA, 94608

Grades KG-5

0.37 miles away

Westlake Middle School

2629 Harrison St, Oakland, CA, 94612

Grades 6-8

0.62 miles away

Street Academy (Alternative)

417 29th St, Oakland, CA, 94609

Grades 9-12

0.31 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.