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3615 Martin Luther King Jr Way
Oakland, CA 94609

Qualified Opportunity Zone & 6.24% Cap · Multifamily Property For Sale · 6 Units

Investment Highlights

  • Six Remodeled & Occupied 2bd/1bth Units of Approximately 725 SF w/ in Unit W/D Hookups
  • Current Rents Roughly 15% Below Market Rate & Seven Off Street Parking Spots
  • Separately Metered for PG&E, Private Storage Rooms, and Seven Off-Street Parking Stalls
  • Well Positioned North Oakland Location-Four Blocks from Macarthur BART
  • Fresh Paint, New Windows, Repaved Walkways, Security Gate, and Upgraded Electrical System
  • Qualified Opportunity Zone Loaded With Tax Benefits

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
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/Renovated 1963/2019
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

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 - 725

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
012-0947-007-00
Land Assessment
$512,014
Improvements Assessment
$1,058,163
Total Assessment
$1,570,177
  • Listing ID: 26260684

  • Date on Market: 7/26/2022

  • Last Updated:

  • Address: 3615 Martin Luther King Jr Way, Oakland, CA 94609

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