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$980,000

Listing Price

2beds

2baths

2,751sqft

3,320sqft lot

2840 Martin Luther King Jr Way, Oakland, CA 94609

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Multi-Family

Home type

--

Price / sqft

1910

Year built

Home Details

Exceptional Investment Opportunity 5-Unit Upside with Plans Approved! Dont 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/montha 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.

Interior Details

Square Feet
  • 2751

Bedrooms
  • 2

Bathrooms
  • 2

Heating
  • Has Heating:

    No

  • Heating Type:

    N/A

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 3320

Water
  • No

Sewer
  • No

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 2

Style
  • N/A

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$13,435

$256,279

$597,986

--%

$854,265

2019

$12,939

$251,256

$586,265

--%

$837,521

2018

$12,669

$246,330

$574,770

--%

$821,100

2017

$12,186

$241,500

$563,500

--%

$805,000

2016

$4,120

$65,267

$152,290

--%

$217,557

2014

$5,450

$63,028

$147,067

--%

$210,095

2013

$4,680

$62,744

$146,403

--%

$209,147

2012

$3,964

$61,514

$143,533

--%

$205,047

percent-home-icon

Average Home Price in 94609

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$--

5 Beds

4 Baths

2,790 Sqft

7,000 Lot (sqft)

Sold 10/02/2026

$--

5 Beds

2 Baths

2,467 Sqft

4,020 Lot (sqft)

Sold 09/29/2026

$--

4 Beds

3 Baths

2,456 Sqft

4,550 Lot (sqft)

Sold 07/13/2026

$--

5 Beds

2 Baths

2,518 Sqft

5,600 Lot (sqft)

Sold 06/02/2026

$1,195,000

4 Beds

3 Baths

2,417 Sqft

4,204 Lot (sqft)

Sold 09/29/2026

$--

4 Beds

3 Baths

2,430 Sqft

1,750 Lot (sqft)

Sold NaN/NaN/NaN

$--

5 Beds

2 Baths

2,366 Sqft

2,344 Lot (sqft)

Sold 09/29/2026

$980,000

2 Beds

2 Baths

2,751 Sqft

3,320 Lot (sqft)

Sold 09/29/2026

$815,000

8 Beds

4 Baths

2,728 Sqft

6,040 Lot (sqft)

Sold 10/06/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
980,000
$
Down payment
196,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
5,880
$
HOA (Monthly)
0
$
PMI
0
$
$6,344
Your Payment
Total Monthly Payment:$6,344
Percent of Income:109%
Affordable:No

Details for 2840 MARTIN LUTHER KING JR WAY

Property Debt

Foreclosure Contact Details