Listed by Marcus & Millichap - San Francisco
$2,050,000
1425 Martin Luther King Jr Way
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 3,424
Units 4
Cap Rate 4.56%
NOI $93,580
Pro-Forma Cap Rate 6.08%
Pro-Forma NOI $124,604
Year Built 1898
Buildings 1
Stories 3
Acreage 0.140
Investment Type Stabilized
Sale Condition 1031 exchange
Multifamily | 4 Units | $512,500/unit
Marketing description
Built in 1898, the property at 1415 Martin Luther King Jr. Way in Berkeley consists of four units within a three-story building, each offering a 2-bedroom, 1bathroom layout. The property is well located in one of Berkeley’s most desirable neighborhoods, within walking distance of UC Berkeley’s campus. Its unit mix, strong rental appeal, and proximity to the university make it an attractive investment opportunity for a new owner
Investment highlights
Ideal unit mix of (4) 2-Bed/1-Bath units
On-site laundry
Located in the heart of Berkeley's Gourmet Ghetto
ADU Potential
Off-street parking for all units
Walking distance from UC Berkeley's Campus
Steps away from the vibrant Shattuck Ave
Listing Contacts
Listed by Marcus & Millichap - San Francisco
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,580.00
$7,798.33/mo
Valuation Metrics
0
DSCR
4.56%
Cap Rate
4.56%
ROI
Map
Zoning
R-2A ResidentialMulti FamilyResidential Multi Unit 2a
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 54 uses
View all 54 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
