NOT LISTED FOR SALE

703 Martin Luther King jr Way Oakland, CA 94607

Old Oakland Neighborhood

Estimated Value: $784,000 - $1,036,000

3 Beds
4 Baths
2,900 Sq Ft
$312/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $850,000 $293 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,208/month

46 Days on Market

Highlights

  • Corner Lot
  • Fireplace
  • Cooling Available
  • No HOA
  • Attached Garage
  • 2-minute walk to Jefferson Square Park

About This Home

As of October 2022

703 MLK Jr. Way is a diamond in the rough of Old Oakland, blending affordable living (asking only $900,000) with exceptional convenience (near BART, Downtown, parks, etc.). Composed of three units across two floors (2 studios on the ground, on 3BR/2BA on the upper level) this is a versatile property that’s ideally suited for an owner-occupy investor. The 3BR unit is of particular note given its size (1,432 sq. ft.), formal dining room, formal living room, private entrance, access to deck, and general move-in readiness. In addition to the 3BR apartment, one of the two studio units will also be delivered vacant upon close. This investment opportunity comes with shared laundry facilities, a large garage, and occupies an idyllic corner lot. Pedestrian friendly area (Walk Score 97) accented with new bars, new restaurants, and new construction.

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 07/14/2022

Keller Williams Realty

Last Buyer's Agent

Rutendo Gwaze

Fifty Hills Real Estate License #02141872

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,025

Year Built

  • Built in 1901

Lot Details

  • 1,875 Sq Ft Lot
  • Corner Lot

Home Design

  • Triplex
  • Frame Construction
  • Wood Siding

Interior Spaces

  • Fireplace
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms
  • Low Flow Toliet

Laundry

  • Laundry in unit
  • Dryer
  • Washer
  • 220 Volts In Laundry

Parking

  • Attached Garage
  • On-Street Parking

Outdoor Features

  • Outdoor Storage

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Wall Furnace
  • Electricity To Lot Line
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 2,900 Sq Ft Building
  • Bridge Aor Association

Listing and Financial Details

  • Assessor Parcel Number 121722

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,025

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Year Built: 1901
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.04
  • Directions: At the corner of Martin Luther King JR Way and 7th
  • Carport Y N: No
  • Garage Yn: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile, Vinyl, Carpet
  • Basement: None
  • Appliances: Dryer, Washer, Gas Water Heater
  • Total Bedrooms: 3
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Storage, Storage Area

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Enclosed, On Street, Street Parking

Utilities

  • Heating: Forced Air, Wall Furnace, Fireplace(s)
  • Utilities: Individual Electric Meter, Master Gas Meter
  • Cooling: Ceiling Fan(s)
  • Laundry Features: 220 Volt Outlet, Common Area, Dryer, Washer, Inside Room
  • Security: 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

  • Lot Size Sq Ft: 1875
  • Parcel Number: 121722
  • ResoLotSizeUnits: Acres

Green Features

  • Green Water Conservation: Low Flow Toilet

Tax Info

  • Tax Tract: 4023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Oct 5, 2022
Sold by
Stonich Blasdell and Stonich Nora
Bought by
Jiminez Zachary Tyler and Gwaze Rutendo
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Rutendo Gwaze
Fifty Hills Real Estate
List Price
$900,000
Sold Price
$850,000
Premium/Discount to List
-$50,000
-5.56%
Current Estimated Value
$904,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,541
Avg. Annual Appreciation
2.34%
Original Mortgage
$680,000
Outstanding Balance
$656,162
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$248,379

Purchase Details

Closed on
Feb 13, 2021
Sold by
Blasdell John Benjamin Clark and Blasdell John
Bought by
Blasdell John and Lewandowski Nora Stonich

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,729
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2013
Sold by
703 Martin Luther King Jr Way Trust
Bought by
Blasdell John Benjamin Clark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,972
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 2012
Sold by
Bank Of America Na
Bought by
703 Martin Luther King Jr Way Trust and Equus Capital

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,189
Interest Rate
3.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 13, 2011
Sold by
Federal National Mortgage Association
Bought by
Bank Of America Na

Purchase Details

Closed on
Apr 1, 2010
Sold by
Brown Michael L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 20, 2006
Sold by
Brown Meli T
Bought by
Brown Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 27, 2005
Sold by
Lofton Warrene
Bought by
Brown Michael L

Purchase Details

Closed on
Jul 3, 2000
Sold by
Baumgarten Amon and Baumgarten Susan
Bought by
Lofton Warrene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
8.63%
Source: Public Records

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Range of Values:

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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
Jiminez Zachary Tyler $850,000 Fidelity National Title
Blasdell John -- Title 365
Blasdell John Benjamin Clark $290,000 Fidelity National Title Co
703 Martin Luther King Jr Way Trust -- Fidelity National Title Co
Bank Of America Na $252,000 First American Equity Loan S
Federal National Mortgage Association $584,939 Landsafe Title
Brown Michael L -- First American Title Co
Brown Michael L -- Transnation Title
Lofton Warrene $235,000 Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jiminez Zachary Tyler $680,000
Closed Jiminez Zachary Tyler $680,000
Closed Gwaze Rutendo $85,000
Previous Owner Blasdell John $404,729
Previous Owner Blasdell John Benjamin Clark $487,500
Previous Owner Blasdell John Benjamin Clark $489,972
Previous Owner 703 Martin Luther King Jr Way Trust $175,189
Previous Owner Brown Michael L $455,000
Previous Owner Lofton Warrene $50,000
Previous Owner Lofton Warrene $236,200
Previous Owner Lofton Warrene $224,000
Previous Owner Baumgarten Amon $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $850,000 -- --
10/12/2022 10/12/22 Sold $850,000 -5.6% $293 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
07/14/2022 07/14/22 For Sale $900,000 -- $310 / 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 $14,025 $867,000 $260,100 $606,900
2023 $14,665 $850,000 $255,000 $595,000
2022 $7,533 $352,426 $100,495 $251,931
2021 $6,916 $345,518 $98,525 $246,993
2020 $6,833 $341,976 $97,515 $244,461
2019 $6,391 $335,274 $95,604 $239,670
2018 $6,259 $328,702 $93,730 $234,972
2017 $5,938 $322,257 $91,892 $230,365
2016 $5,707 $315,940 $90,091 $225,849
2015 $5,672 $311,195 $88,738 $222,457
2014 $5,642 $290,000 $87,000 $203,000
Source: Public Records

Agents Affiliated with this Home

  • Joey Wang

    Seller's Agent in 2022

    Joey Wang

    Keller Williams Realty

    (510) 592-5554

    1 in this area

    125 Total Sales

    Joey Wang
    Section Image
  • Rutendo Gwaze

    Buyer's Agent in 2022

    Rutendo Gwaze

    Fifty Hills Real Estate

    (510) 631-9606

    1 in this area

    6 Total Sales

    Rutendo Gwaze
    Section Image
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Map

Source: bridgeMLS

MLS Number: 41001555

bridgeMLS

APN: 001-0217-022-00

California Alameda County Oakland 94607 Old Oakland

703 Martin Luther King jr Way, Oakland, CA

This home is located at 703 Martin Luther King jr Way, Oakland, CA 94607 since 14 July 2022 and is currently estimated at $904,541, approximately $311 per square foot. This property was built in 1901. 703 Martin Luther King jr Way is a home located in Alameda County with nearby schools including M. L. King Jr. Elementary School, West Oakland Middle School, and McClymonds High 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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