$2,595,000 Price Analysis    ♡   Berkeley, CA 94703 9 bed 6 bath 3,755 SqFt ($691/SqFt) 4,107SqFt lot. Built 1909 Listed 2024-04-02, Taxes $9,389 | Ⓧ USDA Ineligible due to price & location near Berkeley |
Whether you're an owner-occupant or an investor
This fully remodeled fourplex offers a compelling opportunity in a prime loction. 3042 MLK is a commuter's paradise with modern amenities and existing cashflow ($11, 010/mo.) delivered from 3 out of 4 occupied units. The building is located across the street from Ashby Bart with easy access to Oakland/San Francisco, walking distance to Berkely Bowl and a 10-minute bike ride to UC Berkeley. It has a unit mix consisting of a 3BD/2BA (vacant), 4BD/2BA, 2+BD/1BA and studio totaling 3796 sq.
ft. This was a complete remodel thoughtfully designed by local Architects Sidell Pakravan with scope of work including new foundation, Andersen windows, plumbing, electrical, central heat, active ventilation, stainless appliances, in-unit washer and dryers and new sewer lateral. With plans for a mixed-use development and new housing across the street, this property is in the path of development with lots of potential for future growth and appreciation. Seller may carry small second up to 10% LTV at 6% interest for 5 years
Presented by Frank Valdez at
Compass.
Property MLS #41053861 from BayEast
Disposal
Dryer
Washer
Tankless Water Heater
Laundry Features: In Unit, Washer/Dryer Stacked Incl
Heating Features: Forced Air
Heating: Yes
Side Yard
Low Maintenance
Fencing: Fenced, Back Yard
Lot Size Acres: 0.0942837
Lot Size Square Feet: 4107
High School District: Berkeley (510) 644-6150
Map directions Map directions Map directions Map directionsBedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2
County: Alameda
Cross Street: Prince st
Directions: Corner of Martin Luther King and Prince st
Source Property Type: Residential Income
Parcel Number: 53160116
Property Subtype: Quadruplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $183,366 + $78,585 $261,951 | $9,389 |
| 2021 | $179,771 + $77,044 $256,815 | $9,317 |
| 2020 | $177,929 + $76,255 $254,184 | $8,449 |
| 2019 | $174,441 + $74,760 $249,201 | $7,717 |
| 2018 | $171,021 + $73,294 $244,315 | $7,504 |
| 2017 | $167,668 + $71,858 $239,526 | $7,207 |
| 2016 | $164,381 + $70,449 $234,830 | $6,715 |
| 2015 | $161,913 + $69,391 $231,304 | $6,587 |
| 2014 | $158,742 + $68,032 $226,774 | $6,706 |
| 2013 | $158,025 + $67,725 $225,750 | $6,628 |
| 2012 | $154,927 + $66,397 $221,324 | $6,406 |
| 2010 | $151,890 + $65,095 $216,985 | $6,117 |
| 2009 | $150,755 + $64,609 $215,364 | $6,269 |
| 2008 | $148,151 + $63,493 $211,644 | $5,835 |
| 2007 | $145,246 + $62,248 $207,494 | $5,591 |
$2,595,000
BayEast
Listed 2024-04-02
$2,795,000
BayEast
Listing removed 2024-04-02
$2,795,000
MetroList
Listing removed 2024-03-25
$2,795,000
MetroList
Listing removed 2023-12-13
$0
TurboTenant
Price Changed for rent 2023-11-30
$1,895
TurboTenant
Listed for rent 2023-11-13
$1,945
TurboTenant
Listing removed 2023-11-09
$0
TurboTenant
Price Changed for rent 2023-10-19
$1,995
TurboTenant
Price Changed for rent 2023-09-21
$2,100
TurboTenant
Listed for rent 2023-09-11
$2,195
TurboTenant
Listing removed 2023-09-07
$0
TurboTenant
Listed for rent 2023-08-08
$2,195
TurboTenant
Listing removed 2023-08-07
$0
TurboTenant
Listed for rent 2023-07-24
$2,295
TurboTenant
Sold 2022-04-28
$1,725,000
Public Record
Listing removed 2022-02-20
$1,950,000
SanFrancisco
Price Changed 2021-12-15
$1,950,000
SanFrancisco
Listed 2021-10-13
$1,980,000
SanFrancisco
Listing removed 2018-11-15
$0
SanFrancisco
Listing removed 2018-11-13
$2,195,000
SanFrancisco
Listing removed 2018-11-12
$2,195,000
ContraCosta
Price Changed 2018-10-16
$2,195,000
SanFrancisco
Price Changed 2018-10-16
$2,195,000
ContraCosta
Listed 2018-09-27
$2,350,000
ContraCosta
Listed 2018-09-26
$2,350,000
SanFrancisco
Sold 1995-12-29
$169,000
Public Record
Sold 1990-01-25
$260,000
Public Record
Year Built: 1909
Construction Materials: Wood Shingles
Property Age: 115
Roof: Composition Shingles
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.