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SELLER FINANCING - 5% Interest Rate 1423 Martin Luther King Jr Way

2 Unit Block of Flats £548,355 (£274,177/Unit) Oakland, CA 94612

Investment Highlights

  • Consists of one large (1) 3-bedroom, 2-bathroom unit and one sizable (1) 4-bedroom, 1.5-bathroom unit
  • Walkscore of 93 and a Bikescore of 95 make it an attractive choice for potential tenants
  • Just four blocks from the 12th Street BART Station offering complete Bay Area access
  • Individually metered for water, gas, and electricity minimizing operating expenses
  • Short walk to both Oakland's City Center, a major Downtown hub, and Preservation Park

Executive Summary

SELLER FINANCING AVAILABLE! The Mitchell Warren Team proudly presents 1423 Martin Luther King Junior Way, a spacious 2,931 SF duplex ideally situated in Downtown Oakland. This unique property features a 3-bedroom, 2-bathroom unit on the first floor and a large 4-bedroom, 1.5-bathroom unit on the second floor, both individually metered for gas, water, and electricity minimizing operating expenses. Centrally located, this duplex offers convenience and accessibility to Downtown Oakland's vibrant amenities, including dining, entertainment, and transportation options. Whether you are looking to invest or reside in Oakland's thriving urban environment, this property presents a fantastic opportunity!

Property Facts

Price £548,355 Building Class C
Price Per Unit £274,177 Lot Size 0.05 AC
Sale Type Investment Building Size 2,931 SF
Sale Conditions 1031 Exchange Average Occupancy 100%
No. Units 2 Number of Floors 2
Property Type Residential Year Built 1905
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Garden
Price £548,355
Price Per Unit £274,177
Sale Type Investment
Sale Conditions 1031 Exchange
No. Units 2
Property Type Residential
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 0.05 AC
Building Size 2,931 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1905
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Crown Moulding
  • Kitchen
  • Wooden Floors
  • Carpet
  • Breakfast Nook
  • Dining Room
  • Family Room
  • Porch

Site Amenities

  • Fenced Lot
  • Recycling
  • Rubbish Collection - Kerbside

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2 1 - 1,265
4+1.5 1 - 1,665

Links

1 of 1
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (86)
Bike Score ®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 003-0073-011-00 Improvements Assessment £57,693
Land Assessment £16,025 Total Assessment £73,719

PROPERTY TAXES

Parcel Number
003-0073-011-00
Land Assessment
£16,025
Improvements Assessment
£57,693
Total Assessment
£73,719
(510) 336-4719

  • Listing ID: 32494119

  • Date on Market: 17/07/2024

  • Last Updated:

  • Address: 1423 Martin Luther King Jr Way, Oakland, CA 94612

The Residential Property at 1423 Martin Luther King Jr Way, Oakland, CA 94612 is currently available For Sale. Contact NAI Northern California for more information.

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Timothy Warren

(510) 336-4719

(510) 336-4719

Randell Silva

(510) 244-4667

(510) 244-4667

Kent Mitchell

(510) 548-2554

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