NOT LISTED FOR SALE

2210 Martin Luther King jr Way Berkeley, CA 94704

Downtown Berkeley Neighborhood

Estimated Value: $4,032,132 - $4,232,000

21 Beds
8 Baths
4,625 Sq Ft
$891/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $4,200,000 $908 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $25,385/month

70 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Security Gate
  • Washington Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • 2-minute walk to Martin Luther King Jr Civic Center Park

About This Home

As of May 2024

Whether you’re hoping to explore the beauty of Berkeley’s waterfront or the manicured lawns of UC Berkeley, nothing is more than a few minutes away from the front door of 2210 MLK Jr. Way. This turnkey, a triplex (two 5BR/2BA + one 6BR/1BA) plus an ADU (5BR/2BA) property was fully remodeled in 2022 and comes with the most modern amenities. Since its completion in 2023, it’s been professionally managed by the Berkeley Group, a student housing provider in Berkeley that offers meticulous property oversight and upkeep. Current occupants generate an impressive amount of cash flow (approximately $37,000 per month) and that number is poised to increase in the years ahead as housing demand grows. For prospective investors looking to park their money in a well-located, stable, and cash flow-heavy property that requires minimal in the way of upkeep or capital investments, 2210 MLK Jr. Way is worthy of immediate consideration.

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 02/01/2024

Keller Williams Realty

Last Buyer's Agent

Martin Cai

eXp Realty of California License #01941268

eXp Realty of California

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,407

Year Built

  • Built in 1912

Lot Details

  • 5,168 Sq Ft Lot
  • Fenced
  • Rectangular Lot
  • Back and Front Yard

Home Design

  • Quadruplex
  • Wood Shingle Exterior

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry in Kitchen
  • Stacked Washer and Dryer
  • 220 Volts In Laundry

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Uncovered Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Electricity To Lot Line
  • Tankless Water Heater
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 4,625 Sq Ft Building
  • Bridge Aor Association
  • Central Berkeley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5720187

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,407

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Year Built: 1912
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Subdivision Name: CENTRAL BERKELEY
  • Directions: South of University just past Allston.
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Laminate, Tile
  • Basement: Apartment
  • Appliances: Dryer, Washer, Gas Water Heater, Tankless Water Heater
  • Total Bedrooms: 21

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Regular
  • Construction Type: Wood Shingles
  • Exterior Features: Back Yard, Front Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Parking Lot, Uncovered Parking Space, Uncovered Park Spaces 2+

Utilities

  • Heating: Electric, Natural Gas, Heat Pump, Central
  • Utilities: All Public Utilities, Internet Available
  • Cooling: Wall/Window Unit(s), Heat Pump
  • Laundry Features: 220 Volt Outlet, Dryer, In Unit, Washer, In Kitchen, Washer/Dryer Stacked Incl
  • Security: Fire Alarm, Carbon Monoxide Detector(s), Secured Access, Security Gate, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Zoning: R-2
  • Lot Size Sq Ft: 5168
  • Parcel Number: 5720187
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 4230.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
May 29, 2024
Sold by
Berkeley Core Group Ii Llc
Bought by
Chen Hongwei
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Martin Cai
eXp Realty of California
List Price
$4,350,000
Sold Price
$4,200,000
Premium/Discount to List
-$150,000
-3.45%
Total Days on Market
70
Views
97
Current Estimated Value
$4,120,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$79,956
Avg. Annual Appreciation
-1.81%
Original Mortgage
$1,900,000
Outstanding Balance
$1,885,151
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$2,234,893

Purchase Details

Closed on
May 12, 2015
Sold by
Williams Linnie C and Williams Family 2002 Revocable
Bought by
Berkeley Core Group Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 6, 2002
Sold by
Williams Lynn L and Williams Linnie C
Bought by
Williams Linnie C and Williams Lynn L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chen Hongwei $4,200,000 Chicago Title
Berkeley Core Group Ii Llc $1,002,000 Old Republic Title Company
Williams Linnie C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Hongwei $1,900,000
Previous Owner Berkeley Core Group Ii Llc $2,700,000
Previous Owner Berkeley Core Group Ii Llc $1,449,000
Previous Owner Berkeley Core Group Llc $1,959,000
Previous Owner Berkeley Core Group Ii Llc $1,300,000
Previous Owner Berkeley Core Group Llc $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $4,200,000 -- --
05/31/2024 05/31/24 Sold $4,200,000 -3.4% $908 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $4,350,000 -- $941 / Sq Ft
Source: bridgeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $28,407 $1,592,731 $354,181 $1,238,550
2023 $27,364 $1,532,038 $347,238 $1,184,800
2022 $24,953 $1,334,919 $340,429 $994,490
2021 $19,978 $1,123,456 $333,756 $789,700
2020 $21,367 $1,111,941 $330,335 $781,606
2019 $20,465 $1,090,146 $323,860 $766,286
2018 $20,034 $1,068,775 $317,511 $751,264
2017 $19,355 $1,047,820 $311,286 $736,534
2016 $18,657 $1,027,280 $305,184 $722,096
2015 $4,849 $71,401 $47,941 $23,460
2014 $4,735 $70,003 $47,002 $23,001
Source: Public Records

Agents Affiliated with this Home

  • Joey Wang

    Seller's Agent in 2024

    Joey Wang

    Keller Williams Realty

    (510) 592-5554

    6 in this area

    125 Total Sales

    Joey Wang
    Section Image
  • Martin Cai

    Buyer's Agent in 2024

    Martin Cai

    eXp Realty of California

    (510) 432-9308

    1 in this area

    71 Total Sales

    Martin Cai
    Section Image
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Map

Source: bridgeMLS

MLS Number: 41048962

bridgeMLS

APN: 057-2018-007-00

California Alameda County Berkeley 94703 Downtown Berkeley

2210 Martin Luther King jr Way, Berkeley, CA

This home is located at 2210 Martin Luther King jr Way, Berkeley, CA 94704 since 01 February 2024 and is currently estimated at $4,120,044, approximately $890 per square foot. This property was built in 1912. 2210 Martin Luther King jr Way is a home located in Alameda County with nearby schools including Washington Elementary School, Berkeley Arts Magnet at Whittier School, and Malcolm X Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

bridgeMLS Bay East 2025. CCAR 2025. bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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