1425 Martin Luther King Jr Way — Sale in Berkeley, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Berkeley, CA 94709

Investment Figures

Cap rate
4.77%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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, 1-bathroom 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 Berkeley is widely recognized as one of the most desirable locations in the San Francisco Bay Area. Known for its vibrant culture, world-class educational institutions, and thriving culinary and arts scenes, Berkeley attracts a diverse population of students, professionals, and families. The city’s proximity to major tech hubs, excellent public transportation, and scenic outdoor spaces only add to its allure. This demand for housing in Berkeley continues to drive rental prices upward, making it a prime location for real estate investment. The property’s location in such a coveted area significantly enhances its value and investment potential. With Berkeley’s strong rental demand and limited housing supply, this property is well-positioned to provide consistent returns. Its desirable location, combined with the recent upgrades and superior tenant amenities, ensures that it will remain attractive to tenants for years to come, offering investors both stability and growth in a competitive market. 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

Market Context

This multifamily in Berkeley, CA is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Berkeley, CA — view the full market.

As of Q1 2026, the Oakland / East Bay multifamily market showed cap rates around 4.9%. Source: multiple brokerage reports, Q1 2026.

Its 4.8% asking cap rate is in line with the Oakland / East Bay multifamily market average of about 4.9%.

Multifamily market FAQ

What is the typical cap rate for multifamily in Oakland / East Bay?
About 4.9% as of Q1 2026, per multiple brokerage reports.

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