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3615 Martin Luther King Jr Way
Oakland, CA 94609
**FOUR BLOCKS TO MACARTHUR BART** · Multifamily Property For Sale · 6 Units
Investment Highlights
- Market Cap Rate 6.44% | Market GRM 10.85
- Only four blocks to Telegraph Avenue, offering endless restaurant and shopping choices
- Improvements include upgraded electrical, vinyl windows, and new exterior paint
- Fantastic North Oakland location just four blocks from the Macarthur BART Station
- Upgraded interiors, storage lockers, and washers and dryers in select units
- A true turn-key asset in a premier location with significant growth opportunity
PROPERTY FACTS
| No. Units | 6 | Building Size | 4,350 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 0.14 AC |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,350 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.61/1,000 SF |
Unit Amenities
- Balcony
- Cable Ready
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Tile Floors
- Kitchen
- Breakfast Nook
- Deck
- Double Pane Windows
- Handrails
- Linen Closet
- Patio
Site Amenities
- Fenced Lot
- Laundry Facilities
- Gated
- Car Wash Area
- Recycling
- Trash Pickup - Curbside
- Storage Space
- Bicycle Storage
About 3615 Martin Luther King Jr Way , Oakland, CA 94609
The Mitchell Warren Team is pleased to present 3615 Martin Luther King Jr Way, a six-unit garden-style apartment building located in North Oakland's Longfellow neighborhood. The property consists of six spacious 2-bedroom, 1-bathroom units and seven off-street parking spaces. Amenities include upgraded interiors; in-unit washers and dryers in select units; and storage lockers. Significant improvements have been completed under current ownership including a new walkway, upgraded electrical, vinyl windows, and fresh exterior paint. This is truly a rare opportunity to purchase a turn-key asset in a prime North Oakland location.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 725 |
PROPERTY TAXES
| Parcel Number | 012-0947-007-00 | Improvements Assessment | $1,058,163 |
| Land Assessment | $512,014 | Total Assessment | $1,570,177 |
PROPERTY TAXES
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