5936 Martin Luther King Jr Way, Oakland, California 94609, Oakland, - bed, bath
ACTIVE$1,200,000
5936 Martin Luther King Jr Way, Oakland, California 94609
0Bed
0Bath
Sqft
6,655Lot
Year Built
1943
Close
-
List price
$1.2M
Original List price
$1.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41095595
Home ConditionExcellent
Features
View-
About this home
Beautiful 4-Unit Investment Property – Prime Location! Don’t miss this rare opportunity to own the best-looking building on the block! This well-maintained 4-unit property features excellent curb appeal, stable long-term tenants, and strong rental income. Ideally located just 1 block from the Ashby BART Station with easy access to San Francisco, this property sits right on the Berkeley border, offering the perfect blend of convenience and charm. Highlights: 4 spacious, well-kept units Excellent long-term tenants in place Highly desirable location near shops, dining, and transit One of the most attractive buildings in the area Great opportunity for investors or owner-occupants Whether you're looking to expand your portfolio or secure a prime location with built-in income, this property checks all the boxes.
Nearby schools
1/10
Sankofa Academy
Public,•PK-5•0.4mi
6/10
Malcolm X Elementary School
Public,•K-5•0.5mi
8/10
Peralta Elementary School
Public,•K-5•0.7mi
6/10
Leconte Elementary School
Public,•K-5•1.0mi
7/10
Emerson Elementary School
Public,•K-5•1.6mi
6/10
John Muir Elementary School
Public,•K-5•1.6mi
6/10
Claremont Middle School
Public,•6-8•1.0mi
8/10
Willard Middle School
Public,•6-8•1.2mi
2/10
Oakland International High School
Public,•9-12•1.0mi
7/10
Oakland Technical High School
Public,•9-12•1.3mi
8/10
Berkeley High School
Public,•9-12•1.7mi
2/10
Fremont High
Public,•9-12•5.9mi
Price History
Date
Event
Price
10/08/25
Price Change
$1,200,000-4.0%
09/16/25
Price Change
$1,250,000
04/30/25
Listing
$1,400,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (10 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 6,655 | 4,680 | 91% |
| Price | $1.2M | $1.14M | 64% |
| Price per square foot | $0 | $0 | |
| Built year | 1943 | 1910 | 73% |
| HOA | |||
| Days on market | 189 | 182 | 55% |
Condition Rating
Excellent
Despite being built in 1943, the property has undergone extensive and high-quality modern renovations, particularly evident in the kitchen and bathrooms. The kitchen features contemporary white shaker cabinets, dark countertops, subway tile backsplash, and stainless steel appliances. The bathroom boasts modern dark tile flooring and shower surround, along with an updated vanity. Throughout the visible units, there is newer flooring, fresh paint, and updated windows. The exterior also appears well-maintained with excellent curb appeal, suggesting a comprehensive renovation within the last 5-10 years, bringing the living spaces to a virtually new condition meeting current quality standards.
Pros & Cons
Pros
Prime Location & Transit Access: Ideally situated just one block from the Ashby BART Station, offering excellent connectivity to San Francisco and the wider Bay Area, and bordering Berkeley for added convenience and appeal.
Income-Generating Quadruplex: A well-maintained 4-unit investment property (quadruplex) designed for residential income, providing multiple revenue streams and a strong foundation for an investment portfolio.
Stable Long-Term Tenancy: Features stable, long-term tenants already in place, indicating reliable rental income and potentially lower vacancy rates and turnover costs for the new owner.
Excellent Curb Appeal & Maintenance: Described as the 'best-looking building on the block' with excellent curb appeal and being well-maintained, enhancing its attractiveness and perceived value.
Significant Price Reduction: The property has seen a substantial price reduction from its original list price of $1.4M to $1.2M, potentially offering a more attractive entry point for investors.
Cons
Age of Property & Potential Capital Expenditures: Built in 1943, the property is over 80 years old, which may necessitate future capital expenditures for major system upgrades (e.g., plumbing, electrical, roof) not detailed in the current description.
Potential for Below Market Rents & Rent Control: The presence of long-term tenants in an older Oakland property suggests current rents may be below market rate due to rent control regulations, potentially limiting immediate rental income upside without significant tenant turnover or buyouts.
Lack of Interior Unit Renovation Details: While the exterior and overall maintenance are highlighted, the description lacks specific details on interior unit renovations or updates, implying units may be dated and require future investment to maximize rental potential.