3869 Martin Luther King Jr. Way, Oakland, California 94609, Oakland, 94609 - 0 bed, 0 bath
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Oakland, California 94609
This duplex represents a High-Potential Investment Opportunity, listed at $1,025,000—positioned well above the $650,316 Fair Market Value by 57%. While the property requires significant capital expenditure due to its Condition Rating of 5, the large 4,500 sqft lot and seven-bedroom configuration offer substantial rental upside. The Granite Kitchen finishes provide a baseline for renovation, though the single-bathroom layout necessitates strategic planning. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive value-add strategy in this revitalizing Oakland corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3869 Martin Luther King Jr. Way Subject | $1,025,000* List Price | 0 | 0 | 2,697 | $241 | - |
A 3867 Martin Luther King Jr Way Active | $1,025,000 List Price | 0 | 0 | 2,823 | $363 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1906, this property is over 100 years old and is explicitly marketed as requiring 'TLC' and being an 'ideal opportunity for investors or contractors' to renovate. While it mentions granite countertops and hard-surface flooring, the call for significant value-add work and rehabilitation places it in the poor category based on the provided criteria.
Situated in a rapidly revitalizing area of Oakland with significant ongoing construction, the property offers strong long-term appreciation potential and community reinvestment benefits.
As a duplex featuring a total of seven bedrooms (4BR/1BA and 3BR/1BA), the property provides a high-density layout that maximizes potential rental income for investors.
The combination of a spacious 4,500 sqft lot and the need for cosmetic improvements allows buyers to build significant sweat equity through renovation and customization.
The property is explicitly noted as requiring 'TLC,' indicating that immediate capital expenditure will be necessary to address repairs and bring the units to market standard.
With only one bathroom per unit to serve three and four bedrooms respectively, the layout may be less desirable for modern tenants and could limit the property's competitive rental pricing.
Excellent opportunity to own a duplex located in an area experiencing significant growth and revitalization. Extensive ongoing construction and surrounding neighborhood improvements may substantially enhance the property’s future value, desirability, and long-term investment potential. The continued development throughout the area reflects a strengthening market and renewed community investment. Unit 3869 features four bedrooms and one bathroom with a functional layout and strong upside potential. Interior features include hard-surface flooring, a comfortable living room, a dedicated laundry area, and a kitchen with granite countertops and tile finishes. Unit 3871 offers three bedrooms and one bathroom with hard-surface flooring, tile flooring, and a kitchen featuring granite countertops. The property also offers a spacious backyard with plenty of room for entertaining, outdoor enjoyment, storage, or future possibilities. The property does require TLC, making it an ideal opportunity for investors, contractors, or buyers looking to renovate and add value. With its large lot, desirable layout, and location within an improving neighborhood, this duplex presents endless possibilities for future growth and customization.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades PK-5 • 1.3 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,697 | 2,591.5 | 55% |
| Lot Size | 4,500 | 4,205 | 60% |
| Price | $1.02M | $980.0K | 50% |
| Price per sq ft | $380 | $340 | 55% |
| Built year | 1906 | 1917 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 121 | 5% |
May 19, 2026
$1,025,000
Initial Listing
Mar 6, 2018
$1,250,000
Public Record