Extraordinary victorian triplex with strong cashflow features, original victorian details, large owner's unit penthouse flat, updated kitchen (2012), updated baths (2012), retrofitted foundation (2012), large yard with ADU potential (buyer to investigate), newer roof (2012) all on a private corner lot in a great central location. This property is a great opportunity for investment or owner occupier as the property has a good income history with low vacancy at a 6.95% CAP Rate on Actual (taxes based on $998k sales price).
Off market
Zestimate®
$979,100
3331 Martin Luther King Jr Way, Oakland, CA 94609
9beds
3baths
3,050sqft
MultiFamily
Built in 1906
-- sqft lot
$979,100 Zestimate®
$321/sqft
$2,863 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
Heating
- Forced air, Wall
Cooling
- Central
Appliances
- Included: Dryer, Washer
- Laundry: Washer, Laundry Room, Dryer, Coin Operated, Community Facility
Features
- Tub w/Shower Over, Shower Stall(s)
- Flooring: Tile, Carpet, Hardwood, Linoleum / Vinyl
- Basement: Unfinished, Full, Storage Space, Separate Entry
- Has fireplace: Yes
Interior area
- Structure area source: Public Records
- Total interior livable area: 3,050 sqft
Property
Features
- Exterior features: Wood
- Fencing: Fenced, Perimeter
- Has view: Yes
- View description: City
Lot
- Size: 3,750 sqft
- Features: Level, Corner Lot, Premium Lot, Street Light(s)
Details
- Parcel number: 97251
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Materials
- wood frame
Condition
- Year built: 1906
Utilities & green energy
- Electric: No Solar
- Sewer: Public Sewer, Sump Pump
- Water: Public
- Utilities for property: Individual Electric Meter
Green energy
- Energy efficient items: Other
Community & neighborhood
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 92736
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer, Sump Pump
- View: City Lights, Partial, City, Downtown
- WaterSource: Public
- Flooring: Carpet, Tile, Hardwood, Vinyl, Cork, Linoleum, Engineered Wood
- Heating: Forced Air, Wall Furnace
- FireplaceYN: true
- Roof: Shingle
- Basement: Unfinished, Full, Storage Space, Separate Entry
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 3
- ConstructionMaterials: Wood Siding
- Fencing: Fenced, Perimeter
- LotFeatures: Level, Corner Lot, Premium Lot, Street Light(s)
- LeaseTerm: Month To Month
- ExteriorFeatures: Back Yard, Garden, Yard Space
- OperatingExpenseIncludes: Insurance, Maintenance, Water, Property Tax/Assessments, Garbage Collection
- SpecialListingConditions: Standard
- ParkingFeatures: Street Parking, Off Street, On Street, See Remarks
- MaintenanceExpense: 3500
- LaundryFeatures: Washer, Laundry Room, Dryer, Coin Operated, Community Facility
- Appliances: Dryer, Washer, Gas Water Heater
- TenantPays: Gas, Other, Electric
- OperatingExpense: 9300
- GrossScheduledIncome: 0
- BuildingAreaSource: Public Records
- OtherExpense: 0
- ProfessionalManagementExpense: 0
- GreenEnergyEfficient: Other
- VacancyAllowance: 0
- Cooling: No Air Conditioning
- InsuranceExpense: 1784
- MlsStatus: Pending Show for Backups
- CoListAgentFullName: MARK LEDERER
- TaxAnnualAmount: 0
- ListPriceLow: 998000
- Electric: No Solar
- Utilities: Individual Electric Meter
- InteriorFeatures: Tub w/Shower Over, Shower Stall(s)
- GrossIncome: 94536
- TotalActualRent: 92736
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Estimated market value
$979,100