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Better Homes Realty
OAKLAND, CA 94605
510-562-8600
Contact Us

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$1,299,000 For Sale

3415 Martin Luther King Jr Way
Oakland, CA 94609

2 units | Multi Family Home
5227 sq ft lot - MLS# 40868290
Property Photo
1/35

Description

As you turn into the driveway you know that you are entering an estate. A stately duplex for the discerning taste. Each unit boasts 3 bedrooms/2 baths & a fireplace. You will be close to everything with this historic gem in Oakland. You are walking distance to the BART station and walking distance to Pill Hill for the medical professionals that want to be a stones throw away from work. If you would like to drive, you are on the freeway in 5 min or less. Reap the benefits of this great rental market and have the ideal property. This is metropolitan living, make this lifestyle yours. This charming property has room for at least 6 cars, off the street, not including the detached garage and laundry room. Check with the city if this detached structure qualifies for an Auxiliary Dwelling Unit (ADU). This historical landmark is also in a Designated Economic Opportunity Zone, for those that are looking for additional capital gains deferral. Open Houses: Sat 6/8- 11-1 & 2-4. Sun 6/9-2-4.

Features

  • Addtl Misc. Features: Balcony/Patio, Extra Storage, Garden
  • Age: 107
  • All Units Have: Deck, Updated Kitchen
  • Annual Expense Year: 3000
  • Annual Gross Sched Income: $50,000
  • Annual Insurance Expense: $2,400
  • Annual Maintance Exp: 3000
  • Annual Management Expense: $2,400
  • Annual Rental Inc: 50000
  • Annual Total Oper Exp: 5000
  • Cooling: No Air Conditioning
  • County/Area: Alameda County
  • Elementary School Distric: Oakland (510) 879-8111
  • Equipment Additional: Dryer, Water Heater Gas
  • Existing Lease Terms: Month To Month
  • Exterior: Wood Shingles
  • Fireplace: Yes, Yes
  • Flooring: Linoleum, Carpet
  • Heating: Central Gravity
  • High School: Oakland (510) 879-8111
  • Laundry: 220 Volt Outlet, Community Facility, Dryer, In Garage
  • Listing Status: Active
  • Lot Description: Level, Regular
  • Lot Size: 0.1200
  • Lot Sq Ft Apx: 5025
  • Net Operating Income: $50,000
  • Operating Expenses: Garbage Collection, Management, Trash Removal
  • Park Spc Tot: 6
  • Parking Description: Detached Garage, Off Street Parking, Parking Area, Tandem Parking
  • Property Type: Multi Family Home
  • Roof: Composition Shingles
  • Separate Meters: Electric, Water
  • Sub Type: DUPLEX
  • Subdivision: N Oakland
  • Subdivision/Neighborhood: N Oakland
  • Tenant Pays: Electric, Gas, Water
  • Total Deposits: 1400
  • Unit 1: 3-Bedrooms, 2-Bathrooms, 3-Parking Spaces
  • Unit 2: 3-Bedrooms, 2-Bathrooms, 3-Parking Spaces
  • Units: 2
  • Water/Sewer: Sewer System - Public, Water - Public
  • Yard Description: Back Yard, Deck(S), Fenced, Front Yard
  • Year Built: 1912
  • Zip Code: 94609
  • View: Downtown, Hills


 Better Homes Realty | 510-562-8600 | Contact Us
5942 MacArthur Blvd. - OAKLAND, CA 94605
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