2831 Martin Luther King Jr Way, Oakland, CA 94609

• 3,420 sqft

Property Description

Rare opportunity to acquire a fully occupied 5-unit apartment building in the heart of North Oakland. Located near the Temescal District, MacArthur BART, Berkeley, and Emeryville, this well-maintained property offers strong in-place income and long-term investment potential. The property features remodeled units, a newer roof, fresh exterior paint, and tenant-paid PG&E, helping reduce operating expenses. Electric water heaters further improve efficiency. The unit mix consists of four 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit, totaling approximately 3,420 square feet. Conveniently located near major transportation corridors, shopping, dining, and employment centers, this property is ideal for investors, owner-operators, and 1031 exchange buyers seeking stable cash flow in one of Oakland's strongest rental markets. Property to be sold in its present AS-IS condition. Buyer to independently verify all property information, including square footage, unit count, income, expenses, permits, and zoning.

Listing Status:

Active

Date Added:

June 11, 2026

Data Last Updated:

July 4, 2026 at 10:08PM

Listing Office:

BHHS Drysdale Alameda : 510-523-1144

Listing Agent:

Christopher Paratore : 650-302-0992

MLS ID:

41137937

Interior

• Appliances: Electric Water Heater
• Basement: None
• Flooring: HardwoodLaminate
• A/C: None
• Heating: ElectricMultiUnits

Exterior

• Parking: On Street

Construction

• General: Stucco

Location

• County: Alameda

Utilities

• Utilities: Sewer ConnectedIndividual Electric Meter
• Water: Water District