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Listed by Joey Wang, DRE #01890931 • Keller Williams Realty
$3,300,000
Est. payment /mo
9,068 SqFt
Price Dropped by $400K
3228 Adeline ST Berkeley, CA 94703
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,068 sqft
Price per Sqft $363
MLS Listing ID EB41134280
Year Built 1904
Lot Size 4,514 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
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.
Location
State CA
County Alameda
Area Berkeley Map Area 8
Interior
Heating Heating - 2+ Zones
Cooling Central -1 Zone
Flooring Hardwood
Laundry Laundry Area - In Unit, Washer, Dryer
Exterior
Exterior Feature Stucco
Parking Features Parking Area
Garage Spaces 4.0
Roof Type Composition
Others
Special Listing Condition Not Applicable
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