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Off market
  • $729,400

    3715 Martin Luther King Jr Way, Oakland, CA 94609

    4beds
    2baths
    1,450sqft
    Apartment
    Built in 1906
    -- sqft lot
    $729,400 Zestimate®
    $503/sqft
    $3,417 Estimated rent

    Owner options

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    $3,417/mo

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    $3,417/mo

    Rent Zestimate®

    Refinance and save

    $4,463/mo

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    $4,463/mo

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    What's special

    This beautiful centrally located house is just three blocks from the MacArthur BART. The home was recently remodeled with the latest in modern luxury and comfort. As you walk through, you will notice the spacious open layout, high ceilings, hardwood floor, gourmet kitchen, granite breakfast bar and stainless steel appliances. Bedrooms are sunny and large with spacious closets. Deposit negotiable for applicants w/ credit score 650+ & no negative remarks in 2 years. Minimum credit score required is 675. Utilities (Water, PG&E, & Trash) Included The home is in an exciting residential area just three blocks from MacArthur BART/metro (12 minutes to San Francisco), 1 block from Telegraph Ave, eight blocks to Samuel Merritt University (SMU). UC Berkeley, Starbucks, grocery shopping, Lake Merritt, and Temescal restaurants are also close by. Minimum monthly income requirement 2.2x the monthly rent net (after taxes.) Renter's Insurance is required with Advent Properties listed as an "additional interest." *Renters Insurance does not include earthquake damage separate earthquake recommended.* This is a no smoking / no marijuana residence. **Move-in date must be 30 days or less from date of application submission.** Each adult (18+) who will be residing in the rental unit must complete and sign an application, provide all necessary supporting documents, including a government-issued photo ID, and pay the application fee. Incomplete applications will not be processed. Submit a $45 non-refundable application fee, payable to Advent Properties, Inc., for each application. This must be paid with Cashier's Check or Money Order. We take this in order to run the credit check. Personal credit reports from other agencies NOT accepted. Mail or personally deliver all documents to Advent Properties, Inc. 1600 MacArthur Blvd. Oakland, CA 94602. There is an after-hours secured mail slot you can place your information into as well on the front door of office. Please have documents secured together. The application process usually takes three (3) business days after receipt of a complete application, supporting documentation, and application fee. *One (1) applicant: 2.2 x the monthly rental rate in verifiable monthly net income is required. Two (2) applicants: 3.3 x the monthly rental rate in verifiable, combined monthly net income is required. Three (3) applicants: 4.4x the monthly rental rate in verifiable, combined monthly net income is required. Four (4) applicants: 5.5 x the monthly rental rate in verifiable, combined monthly net income is required. Five (5) applicants: 6.6 x the monthly rental rate in verifiable, combined monthly net income is required. Net income is calculated by taking the applicant's take-home pay and subtracting the monthly debt service as reported in the applicant's credit report. *Verifiable monthly income must be documented by the most recent two (2) months pay stubs for the applicant. Offers of employment must contain initial employment day within thirty (30) days of application, and the total salary stated in the offer of employment will be discounted to 60% to calculate monthly income. *If cash reserves are used to qualify, the cash reserves amount must be equivalent to the above income requirements for the duration of the initial term of the tenancy. The cash reserves must be in the applicant's account(s) for a minimum of six (6) months. Only cash or cash equivalents will be considered (e.g., CDs, money market funds, etc). Retirement accounts are not considered unless the applicant is of age for penalty-free withdrawal. *Each applicant must have a minimum credit score of 661 (based on VantageScore 3.0) to qualify. Note, some properties have different credit score requirements, please refer to the advertisement for actual requirement. *Each applicant must have two (2) years of established credit history in good standing (e.g. no delinquency, collection, or other negative remarks). *No prior Evictions on your record. *A positive (not neutral) landlord reference from the most recent two landlords is required. *If you have a pet, you must request a separate pet application from us and submit the completed pet application at the same time you submit the rental application. *As a property owner or manager we do not discriminate in the rental of property on the basis of "race, color, religion, sex, gender, age, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, familial status, source of income, disability, veteran or military status, or genetic information". *Advent Properties, Inc. trusts that all material in the flyer to be correct and assumes no legal responsibility for the accuracy. All information is subject to change or withdrawal without further notice. CAL DRE#01897998

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Cooling
    • None
    Appliances
    • Included: Dryer, Washer
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 1,450 sqft

    Property

    Parking
    • Parking features: None
    Lot
    • Size: 4,704 sqft
    Details
    • Parcel number: 129654

    Construction

    Type & style
    • Home type: Apartment
    Materials
    • wood frame
    Condition
    • Year built: 1906

    Community & neighborhood

    Location
    • Region: Oakland
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    Estimated market value
    $729,400