1425 Martin Luther King Jr Way, Berkeley, CA 94709

Berkeley
Local realty services provided by:ERA Excel Realty
1425 Martin Luther King Jr Way,Berkeley, CA 94709
$1,900,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: emil jellinek
Office: marcus & millichap415-625-2160
MLS#:41153458
Source:CRMLS

Price summary

  • Price:$1,900,000

About this home

Marcus & Millichap is pleased to present 1425 Martin Luther King Jr. Way, a fully occupied four-unit apartment property in Berkeley’s North Shattuck neighborhood. Built in 1898, the two-story Victorian features four two-bedroom, one-bathroom apartments, each measuring approximately 856 square feet. The building totals 3,424 gross square feet on a 0.14-acre lot. All four apartments are leased, providing an established rental income stream at acquisition. In-place rents average $2,944 per month, compared with an underwritten market rent of $3,300 per unit. Monthly rents range from $2,360 to $3,300, with one apartment already leased at the market rent used in the underwriting. Scheduled gross rent is $141,300 annually, compared with $158,400 at market rents, an increase of $17,100 if the remaining units reach the underwritten market rent. Laundry contributes an additional $1,440 in annual income. The property benefits from a walkable location near the shops and restaurants along...

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Home facts

  • Year built:1898
  • Subdivision & Development:BERKELEY
  • Listing ID #:41153458
  • Added:2 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

Rooms and interior

  • Flooring:Wood

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Shingle
  • Year built:1898
  • Lot area:0.14 Acres
  • Lot Features:Back Yard

Finances and disclosures

  • Price:$1,900,000

Parking

  • Total parking spaces:4
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