Home | Alameda County | Oakland | 94609 | 2831 Martin Luther King Jr Way
MLS: EB41137937 | Status: | Price: $799,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,420 | 2,520 | 1912 |
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 o
| Field | Value |
|---|---|
| MLS # | EB41137937 |
| MLS Source | Bridge MLS |
| Days on Site | 40 |
| Feature | Details |
|---|---|
| Flooring | Hardwood, Laminate |
| Cooling | None |
| Heating | Electric |
| Feature | Details |
|---|---|
| Complex Amenities | None |
Christopher Paratore
BHHS Drysdale Alameda
License #: 01955016
Phone: (650) 302-0992
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | $1,520 | – | – |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 330 Athol Ave | $870,000 | – | – | 3,588 | |
| 348-352 Jayne | $699,000 | – | – | 2,884 | |
| 1225 Campbell St | $888,000 | – | – | 2,092 | Active |
| 1442 - 144 16th St | $849,000 | – | – | 2,042 | Active |
| 912 Oak Street | $750,000 | – | – | 3,977 |
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This listing information is up-to-date as of July 17, 2026. For the most current information, please contact Christopher Paratore, (650) 302-0992.