2484 Martin Luther King Jr Way, Berkeley, California 94704, Berkeley, 94704 - 1 bed, 1 bath
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Berkeley, California 94704
This Artistic Urban Condominium represents a Strong Value Opportunity, with a List Price of $518,000—positioned well below the $565,108 Fair Market Value by 8%. This valuation gap provides $47,108 in Instant Equity for the incoming buyer. Featuring a Fair Condition Rating, the unit boasts 13-foot ceilings, original Douglas Fir floors, and sustainable finishes. Located near UC Berkeley with a 94 BikeScore, it balances unique architectural character with high rental demand. This is an ideal acquisition for Owner-Occupants seeking a signature residence or Buy-and-Hold Investors targeting the university market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2484 Martin Luther King Jr Way Subject | $518,000* List Price | 1 | 1 | 768 | $736 | - |
A 1901 Parker St 3 Active | $549,000 List Price | 2 | 1 | 764 | $719 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was redeveloped and converted to condos in 2001, placing the last major renovation approximately 23 years ago, which aligns with the 'Fair' criteria (15-30 years). While the unit features unique architectural elements like 13-foot ceilings and original Douglas Fir flooring, the kitchen finishes—specifically the maple cabinetry and black appliances—show signs of being outdated compared to current modern standards. The property is well-maintained and move-in ready, but the age of the systems and finishes from the 2001 conversion defines this score.
The property features 13-foot ceilings, original Douglas Fir pillars, and artistic custom woodwork, offering a one-of-a-kind aesthetic that stands out from standard modern developments.
With a WalkScore of 87 and BikeScore of 94, this home is ideally situated near UC Berkeley, BART, and vibrant downtown amenities, making it perfect for car-free living.
The unit incorporates eco-friendly elements including solar power, recycled traffic light glass countertops, and low-toxic finishes, paired with well-insulated walls for a quiet interior.
At 768 square feet, the living space is relatively compact, and the loft area requires ladder access, which may not appeal to all buyers or those with mobility concerns.
While redeveloped in 2001, the original 1917 structure may carry long-term maintenance considerations typical of century-old buildings despite the modern upgrades.
Come experience this thoughtfully designed condo located in an award-winning 9-unit community that seamlessly blends Salvaged, Recycled, and Low-Toxic finishes with a one-of-a-kind design. Step inside to a 13-foot ceiling. The expansive south-facing windows, skylight, and tall glass fill the interior with natural light. Original Douglas Fir floors and pillars, custom woodwork, and vintage Danish teak built-ins add warmth and character. The Chef’s Kitchen features maple cabinetry and a unique countertop made from recycled traffic light glass. A handcrafted Douglas Fir dividing wall has a barn door to the bedroom, a 9-foot flush-hinged door to the bathroom, and an integrated ladder for access to the loft above. The artistic bathroom showcases a geometric hand-troweled finish, a whimsically crafted sink, and Vermont green slate tile. Additional highlights include In-unit Laundry, curated lighting, Solar, and a very large Exterior Storage Space. Dual-paned windows and Well-Insulated Walls provide a quiet interior, yet it's close to everything Berkeley has to offer! UC Berkeley, BART, and vibrant shops & restaurants. First time on the market since its condo conversion and redevelopment in 2001. It's an exceptional opportunity within this signature project. WalkScore 87 & BikeScore 94!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 30% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 768 | 806.5 | 50% |
| Lot Size | 5,793 | 8,293.5 | 20% |
| Price | $518.0K | $649.5K | 10% |
| Price per sq ft | $674 | $788 | 20% |
| Built year | 1917 | 1962 | 30% |
| HOA | $248.0 | $460 | 20% |
| Days on market | 14 | 186 | 10% |
Apr 8, 2026
$518,000
Initial Listing
Dec 5, 2002
$250,000
Public Record