Pleased to present 2565 Martin Luther King Jr Way, a 12 unit apartment building located in a thriving West Oakland. This property offers off-street parking and large spacious units. The property consists of (4) 2 bedroom / 1 bathroom units, (5) 1 bedroom / 1 bathroom units, (2) large studios, and (1) ground-floor retail space. This is an amazing opportunity to acquire an asset with a great in-place return AND significant upside potential.
Off market
Street View
$2,156,106
2565 Martin Luther King Jr Way, Oakland, CA 94612
--beds
0baths
7,358sqft
MultiFamily
Built in 1956
-- sqft lot
$-- Zestimate®
$293/sqft
$3,644 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Gas
Cooling
- Central
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 7,358 sqft
Property
Parking
- Total spaces: 12
- Parking features: Carport
Features
- Exterior features: Stucco
Lot
- Size: 8,829 sqft
- Features: 2 Houses / 1 Lot
Details
- Parcel number: 967922
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Sewer: Public Sewer
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 12
- ParkingFeatures: Covered
- TenantPays: Other
- Appliances: Gas Water Heater
- OperatingExpense: 30249
- TotalActualRent: 0
- LotFeatures: 2 Houses / 1 Lot
- GrossIncome: 196680
- GrossScheduledIncome: 190779
- InsuranceExpense: 3679
- MaintenanceExpense: 6677
- NetOperatingIncome: 121378
- ProfessionalManagementExpense: 7631
- VacancyAllowance: 5900