2831 Martin Luther King Jr Way, Oakland, CA 94609
Local realty services provided by:ERA Carlile Realty Group
2831 Martin Luther King Jr Way,Oakland, CA 94609
$799,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: christopher paratore
Office: bhhs drysdale alameda510-523-1144
MLS#:41137937
Source:CRMLS
Price summary
- Price:$799,000
About this home
Exceptional opportunity to acquire a fully occupied 5-unit apartment building in one of North Oakland's most sought-after rental markets, offered at $799,000. The property features an excellent unit mix of four 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, providing stable in-place income and broad tenant appeal. This well-maintained asset has benefited from significant recent capital improvements, including remodeled units, a newer roof, and fresh exterior paint, allowing investors to acquire a turnkey property with reduced near-term capital expenditures. Separately metered PG&E service allows tenants to pay their own gas and electricity, helping improve operating efficiency. Ideally situated just minutes from the Temescal District, MacArthur BART Station, UC Berkeley, Emeryville, Downtown Oakland, Kaiser Permanente, and major freeways, the property enjoys strong rental demand driven by convenient access to employment centers, shopping, dining, and public transportation. The property is 100% occupied and generates approximately $89,523 in annual scheduled rental income, providing immediate cash flow from the first day of ownership. Whether you're completing a 1031 exchange, expanding an existing portfolio, or acquiring your first multifamily investment, this property offers an outstanding combination of location, stability, and long-term investment potential....
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Home facts
- Year built:1912
- Subdivision & Development:PILL HILL
- Listing ID #:41137937
- Added:63 day(s) ago
- Updated:August 14, 2026 at 11:19 AM
Rooms and interior
- Kitchen Description:Electric Water Heater
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1912
- Lot area:0.06 Acres
- Construction Materials:Stucco
Finances and disclosures
- Price:$799,000
Features and amenities
- Appliances:Electric Water Heater
- Amenities:Electric Water heater
Parking
- Total parking spaces:2
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