3228 Adeline Street, Berkeley, CA 94703
- $3,300,000
Listed by Joey Wang, (510) 592-5554 from Keller Williams Realty
(If provided) CoList: from
- List Price
- $3,300,000
- Price Change
- ▼ $400,000 1781316223
- MLS#
- EB41134280
- Status
- ACTIVE
- Lot Size
- 4,514
- Listing Area
- Berkeley Map Area 8
- Year Built
- 1904
Property Description
Positioned just one block from Ashby BART in the heart of South Berkeley, 3228 Adeline St is a mixed-use 7-unit asset offering strong day-one income and long-term upside. Located on a vibrant commercial corridor with a 95 Walk Score, the property enjoys easy access to cafés, local markets, and transit connecting directly to San Francisco and beyond. With a location that appeals to both students and working professionals, it sits in a high-demand pocket primed for continued rental performance. The building includes five renovated residential units-ranging from a 2BD/1BA to 4 and 5-bedroom layouts-and two commercial spaces, one of which will be delivered vacant and primed for lease-up or residential conversion. The units are offered furnished and designed to attract UC Berkeley students, traveling professionals, or coliving tenants. The building also features shared laundry, an attic-level common lounge, and a rear lot with ADU potential. Professionally managed by The Berkeley Group, this is a well-maintained, stable property with the benefit of flexibility-offering investors a strong existing income at a 7.5% CAP with multiple avenues to unlock future growth.
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Additional Information
- Acres
- 0.10
- Amenities
- None
- Cooling System
- Central -1 Zone
- Exterior Features
- Stucco
- Floor Covering
- Hardwood
- Garage Parking
- Parking Area
- Heating System
- Heating - 2+ Zones
- Laundry Facilities
- Laundry Area - In Unit, Washer, Dryer
- Lot Size
- 4,514
- Neighborhood
- Berkeley Map Area 8
- Numberof Units
- 7
- Roof
- Composition
- Unincorporated Yn
- Yes
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