3837 MARTIN LUTHER KING JR WAY, Oakland, CA 94609

$1,200,000

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List Price
$1,200,000
Status
ACTIVE
MLS#
DW26109440
Year Built
1900
Lot Size
3,125
Acres
0.07
Lot Location
Walkstreet
Days on Market
114
Property Type
Multifamily
Property Sub Type
Triplex
Stories
Three Or More Levels

Property Description

Discover the potential of this unique triplex opportunity in the heart of Oakland. Positioned in an area experiencing major revitalization and ongoing development, this property offers investors, owner-users, and developers endless possibilities. Significant construction and improvements surrounding the property are transforming the neighborhood and may substantially enhance the future value, appeal, and long-term upside of the property and the surrounding community. This mixed-use triplex features a versatile layout with a ground-floor retail/commercial space, a spacious second floor with two bedrooms, two bathrooms, and a large third floor with three bedrooms and two bathrooms. The property also includes a big backyard with additional potential for outdoor use and entertaining. The property requires TLC and presents an excellent opportunity for a buyer with vision to renovate, improve, and maximize its potential. Whether you're looking to create income-producing units, establish a live/work environment, or capitalize on the area's ongoing growth and redevelopment, this property is a rare chance to invest in one of Oakland’s evolving corridors. Bring your imagination and unlock the possibilities this property offers.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
3

Listing courtesy of Listing Agent: Julio Midolo (Juliomidolo@gmail.com) from Listing Office: ReMax Sky.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.