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$980,000
Listing Price2beds
2baths
2,751sqft
3,320sqft lot
2840 Martin Luther King Jr Way, Oakland, CA 94609
Member Features
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
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
2751
2
2
Has Heating:
No
Heating Type:
N/A
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
3320
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
N/A
N/A
N/A
N/A
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
Average Home Price in 94609
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