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3615 Martin Luther King Jr Way
Oakland, CA 94609

Multifamily Property For Sale · 6 Units

PROPERTY FACTS

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

NAI Northern California and Shivu Srinivasan are pleased to be retained as the exclusive listing agent for 3615 Martin Luther King Jr. Way. The subject property is a 6-unit apartment complex featuring (6) 2 bed / 1 bath units and ample on-site parking. Tenants enjoy the comfort and leisure of this well-located property. The 4,350 square foot property was built in 1963 and has been well maintained by current ownership. This is an excellent opportunity for an investor to acquire a stable asset with great rental upside. The property is close to downtown Oakland with several shops, businesses, restaurants, and other entertainment establishments. 3615 Martin Luther King Jr. Way is in walking distance to the MacArthur BART station, has access to major crosstown bus lines, and the I-580 & I- 980 freeway. This property is ideally located for tenants commuting to Downtown San Francisco and Oakland, and the Emeryville business district. Recently, the East Bay market has experienced significant spillover from the San Francisco housing shortage. Most notably, tech giants such as Uber have begun moving into the Oakland market, further adding to the appreciation and excitement in the area. This property's proximity to Bart makes it an extremely stable and promising investment.

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: 5339774

  • Date on Market: 1/5/2017

  • Last Updated:

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

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