3228 Adeline St, Berkeley, CA 94703
3228 Adeline St, Berkeley, CA 94703
3228 Adeline St, Berkeley, CA 94703
3228 Adeline St, Berkeley, CA 94703
3228 Adeline St, Berkeley, CA 94703
3228 Adeline St, Berkeley, CA 94703
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Noriel Adricula

Noriel Adricula

+1(415) 601-7011
Listed by Willem Bos, DRE #02013980 • COMPASS
$ 3,500,000
Est. payment | /mo

15 Beds

3 Baths

9,068 SqFt

Save
$ 3,500,000
Est. payment | /mo
Save

15 Beds

3 Baths

9,068 SqFt

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 $385

MLS Listing ID EB41149620

Bedrooms 15

Year Built 1904

Lot Size 4,514 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

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 five furnished residential units leased by the bed plus two retail suites fronting 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.

Location

State CA

County Alameda

Area Berkeley Map Area 8

Interior

Heating Gas

Cooling Other

Flooring Laminate

Laundry Laundry Area - In Unit

Exterior

Exterior Feature Siding - Wood

Parking Features Parking Area

Garage Spaces 4.0

Roof Type Composition

Building

Lot Description Regular

Others

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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3228 Adeline St