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3042 Martin Luther King Jr Way Berkeley, CA, 94703
$2,595,000 $200,000 Home for sale 9 beds 3,755 sqft
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
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Property details
3,755 sqft interior area
Property type
Home
Interior area
3,755 sqft
Land area
3,920 sqft (0.09 acres)
Price per sqft
$691/sqft
Days on Verhouse
29
Address
3042 Martin Luther King Jr Way, Berkeley, CA, 94703
City of California
Berkeley
County
Alameda
Previous price
$2,795,000
Year Built
1909
District
Listing
Open Houses
No upcoming open houses
Interior Features
Laminate, Tile floors
Beds
9
Floors
Laminate, Tile
Security
Carbon Monoxide Detector(s), Security Fence, Security Gate, Smoke Detector(s), Closed Circuit Camera(s)
Garage & Parking
Off Street
Laundry Features
In Unit, Washer/Dryer Stacked Incl
Heathing & Cooling
Ceiling Fan(s), Forced Air
Other rooms
Updated Kitchen, Storage, Shower Stall(s), Tub w/Shower Over
Appliances
Dryer, Washer, Tankless Water Heater
Basement
None
Listed by
Francisco Valdez, Compass
Name
Francisco Valdez
License number
01858228
Brokerage company
Compass
MLS #
41053861
Payment calculator
Calculate your monthly payments
Mortgage
$7,968
Taxes
$0
HOA dues
$0
Mortgage
$519,000 / 20%
2.28%
30 years
Your amount
$7,968 / month
Exterior Features
Wood Shingles construction and more
Utilities
All Public Utilities, Individual Electric Meter, Individual Gas Meter
Construction
Wood Shingles
Yard
Front Yard, Side Yard, Low Maintenance
Lot details
TMK #53160116
Lot Description
Corner Lot
Parcel nr.
53160116
94703 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94703
38%
Families with children
National average: 39%
54%
Non family households
326,215
Population
$132,354
Average Income
Age & gender
Median age 38 years
More info
Commute types
51% commute by car
More info
Education level
35% have bachelor education
More info
Number of employees
2% work in management
More info
Vehicles available
47% have 1 vehicle
More info
Vehicles by gender
47% have 1 vehicle
More info
Housing market insights for
$1.34m
Neighborhood average
sales price*
sales price*
$1.19m
Neighborhood median
sales price*
sales price*
597
Number
of sales*
of sales*
Housing type
36% are single detacheds
More info
Rooms
31% of the houses have 2 or 3 rooms
More info
Bedrooms
49% have 2 or 3 bedrooms
More info
Owners vs Renters
56% are renters
More info
15.33 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Price Decrease Apr 26, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 26, 2024 | Price Decrease | $2,595,000 -7.16% | 691.08 | MLS #41053861 |
| Apr 2, 2024 | New Listing | $2,795,000 | 744.34 | MLS #41053861 |
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Frequently Asked Questions about 3042 Martin Luther King Jr Way
What is 3042 Martin Luther King Jr Way?
3042 Martin Luther King Jr Way, Berkeley, CA, 94703 is a single family home located in the city of Berkeley, California with zipcode 94703. This single family home has 9 bedrooms with an interior area of 3,755 sqft.
Which year was this home built?
This home was build in 1909.
What is the full address of this Home?
3042 Martin Luther King Jr Way, Berkeley, CA, 94703.
Are grocery stores nearby?
The closest grocery stores are Berkeley Bowl, 0.37 miles away and Whole Foods Market, 0.61 miles away.
What is the neighborhood like?
The 94703 zip area has a population of 326,215, and 38% of the families have children. The median age is 38.63 years and 51% commute by car. The most popular housing type is "single detached" and 56% is renter.
Based on information from the bridgeMLS as of 04-30-2024. 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. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 26, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Berkeley Bowl, 0.37 miles away and Whole Foods Market, 0.61 miles away.
The 94703 zip area has a population of 326,215, and 38% of the families have children. The median age is 38.63 years and 51% commute by car. The most popular housing type is "single detached" and 56% is renter.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
