Home | Alameda County | Berkeley | 94709 | 1425 Martin Luther King Jr Way
MLS: BE41153458 | Status: Active | Price: $1,900,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,424 | 6,075 | 1898 |
Marcus & Millichap is pleased to present 1425 Martin Luther King Jr. Way, a fully occupied four-unit apartment property in Berkeley’s North Shattuck neighborhood. Built in 1898, the two-story Victorian features four two-bedroom, one-bathroom apartments, each measuring approximately 856 square feet. The building totals 3,424 gross square feet on a 0.14-acre lot. All four apartments are leased, providing an established rental income stream at acquisition. In-place rents average $2,944 per month, compared with an underwritten market rent of $3,300 per unit. Monthly rents range from $2,360 to $3,300, with one apartment already leased at the market rent used in the underwriting. Scheduled gross rent is $141,300 annually, compared with $158,400 at market rents, an increase of $17,100 if the remaining units reach the underwritten market rent. Laundry contributes an additional $1,440 in annual income. The property benefits from a walkable location near the shops and restaurants along Shattuck Avenue. North Shattuck is known for its food and arts cooperatives and its role in the development of California cuisine. Neighborhood destinations include the Cheese Board Collective, Chez Panisse, and Epicurious Garden. AC Transit bus service gives residents another option for getting around Ber
| Field | Value |
|---|---|
| MLS # | BE41153458 |
| MLS Source | Bay East |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Flooring | Hardwood |
| Cooling | Other |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Feature | Details |
|---|---|
| Garage/Parking | Parking Area, Garage: Car(s) |
| Complex Amenities | Other |
Emil Jellinek
Marcus & Millichap
License #: 02242403
Phone: (510) 384-1417
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 856 | 2 | 0/0 | $3,300 |
| 2 | 856 | 2 | 0/0 | $3,125 |
| 3 | 856 | 2 | 0/0 | $2,990 |
| 4 | 856 | 2 | 0/0 | $2,360 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2522 Hilgard Ave | $2,250,000 | – | – | 7,294 | |
| 3014 College Avenue | $1,898,000 | – | – | 2,645 | Active |
| 1633 Harmon St | $1,700,000 | – | – | 3,214 | Active |
| 1623 Russell Street | $1,799,000 | – | – | 2,576 | Active |
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This listing information is up-to-date as of November 10, 2026. For the most current information, please contact Emil Jellinek, (510) 384-1417.