4030 Martin Luther King Jr Way, Oakland
Oakland Home For Sale
The Mitchell Warren Team is pleased to present 4030 Martin Luther King Jr Way, a well-maintained 9-unit mixed-use investment property located in Oakland's Temescal neighborhood. The property consists of two 2-bedroom, 1-bathroom units, four 1-bedroom, 1-bathroom units, one large studio unit, and two ground-floor commercial spaces. The current ownership has completed a substantial number of interior and exterior improvements including a new roof, electrical and plumbing upgrades, significant unit renovations, and fresh exterior paint.. The units are individually metered for electricity, gas, AND WATER minimizing the operating expenses. The property offers excellent in-place income with significant upside potential. This highly sought-after location will continue to attract premium tenants and maintain a low vacancy rate. The property is ideally located less than two blocks from Telegraph Avenue in Oakland's Temescal neighborhood. Residents benefit from a range of restaurant choices including Homeroom, Cholita Linda, and Bakesale Betty, as well as a variety of other restaurants and shopping options. Commuters will appreciate the close proximity of the Macarthur BART Station just one block away offering access to the entire Bay Area. 92 Walk Score!
Property Details
Additional Information
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- City:
- Oakland
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- County:
- Alameda
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- Zip:
- 94609
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- MLS® #:
- 41063575
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- Lot Size:
- 0.11
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of August 8th, 2024 at 6:50pm PDT. 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.