2831 Martin Luther King Jr Way Oakland, CA $ 849,000
2831 Martin Luther King Jr Way
$ 849,000
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2831 Martin Luther King Jr Way

Oakland, CA, 94609
$ 849,000
Bedrooms-- Baths-- Sq 3,420

Monthly Estimate*

$ 5,361

2831 Martin Luther King Jr Way, Oakland, CA 94609 - Image 1
2831 Martin Luther King Jr Way, Oakland, CA 94609 - Image 2
2831 Martin Luther King Jr Way, Oakland, CA 94609 - Image 3
2831 Martin Luther King Jr Way, Oakland, CA 94609 - Image 4
2831 Martin Luther King Jr Way, Oakland, CA 94609 - Image 5
2831 Martin Luther King Jr Way, Oakland, CA 94609 - Image 6
2831 Martin Luther King Jr Way, Oakland, CA 94609 - Image 7
2831 Martin Luther King Jr Way, Oakland, CA 94609 - Image 8

Commercial Property for sale in Oakland, CA

for $849,000. This 3,420 square foot building was built in 1912 on a lot size of 0.06.

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.

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Commercial Active

Price

$ 849,000

Property Type

Commercial

Taxes

$ 0

Style

5 or More Units

Lot Size

0.06

Year Built

1912

Town/City

Oakland

County/Region

Alameda

MLS | Web ID

41137937

Features
General
Living Area 3420
Heating Electric MultiUnits
Cooling None
Utilities Individual Electric Meter
Roof Composition
Construction Materials Stucco
Year Built 1912
Property Subtype 5 or More Units
Community Features None
County Alameda
Property Type Commercial Sale
HOA false
Subdivision Name Pill Hill
Garage Y/N false
Status Active
Directions West Grand ave to MLK jr Way @ 28th st..
City Oakland
MLS Area Listing
Lot Size Square Feet 2520
Standard Status Active
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Interior
Flooring Hardwood Laminate
Air Conditioning Y/N false
Heating Y/N true
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Exterior
Parking Features On Street
Lot Features Curb(s) Garden Security Gate
Water Source Water District
Lot Size Area 2613.6
Building Area Total 3420
Lot Size Acres 0.06
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* Excluded Features
List By
Christopher Paratore

Listing Agent

Bhhs Drysdale Alameda

Broker

cparatore16@gmail.com

Email

Affordability Calculator

$5,361
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,361
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/11/2026$849,000 Listed Price

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2831 Martin Luther King Jr Way, Oakland, CA, 94609 is a Commercial Property for sale at $849,000 with 3,420 sqft and a lot size of 0.06. 2831 Martin Luther King Jr Way was built in 1912. The property's zip code is 94609 which is in Oakland, CA