3228 Adeline St, Berkeley, CA 94703
- $3,500,000
- 9,068
- SqFt
- List Price
- $3,500,000
- MLS#
- 41149620
- Property Type
- Multifamily
- Sqft. of Residence
- 9,068
- Lot Size
- 4,514
- Region
- Berkeley Map Area 8
- Status
- ACTIVE
- County
- Alameda
- Acres
- 0.10
- Year Built
- 1904
- Parking Spaces
- 4
Property Description
3228 Adeline Street is a 7-unit mixed-use building in South Berkeley, offered at $3,500,000 with a 7.35% current cap rate and an 8.64 GRM. Built in 1904, the three-story building has 9,068 square feet and includes four furnished residential units leased by the bed plus three retail suites along the Adeline corridor. Each residential unit has its own washer and dryer, and residents share an attic-level lounge. The property also offers four off-street parking spaces and professional management. The owner has invested $1,680,445 in upgrades since 2016. Preliminary plans have been drawn for a 563 square foot, 4-bedroom, 2-bath detached ADU at the rear of the property. The rent roll shows 9.71% upside to market. Ashby BART is 0.2 miles away, the UC Berkeley campus is 1.5 miles away, and the address has a 95 Walk Score.
/u.realgeeks.media/basallewongrealty/BWR_Logo5.png){kind=logo}
Additional Information
- Basement
- None
- Living Area
- 9,068
- Lot Size
- 4,514
- Possession
- Close Of Escrow
- Region
- Berkeley Map Area 8
- Roof
- Composition, Shingle
- Subdivision
- Berkeley
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing courtesy of COMPASS.
All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are 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.