2840 Martin Luther King Jr Way, Oakland, CA 94609

Local realty services provided by:ERA North Orange County Real Estate
#1#2#3
2840 Martin Luther King Jr Way,Oakland, CA 94609
$980,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:nolan jones
Office:keller williams tri valley realty
MLS#:41089769
Source:CRMLS

Price summary

  • Price:$980,000

About this home

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.

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Home facts

  • Year built:1910
  • Listing Id #:41089769
  • Added:153 day(s) ago
  • Updated:August 18, 2025 at 02:21 PM

Heating and cooling

  • Heating:Floor Furnace

Structure and exterior

  • Roof:Shingle
  • Year built:1910
  • Lot area:0.08 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$980,000
Based on information from California Regional Multiple Listing Service, Inc. as of August 18, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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