3228 Adeline St Berkeley, CA 94703

Building Details

Year Built

1904

Listing agency Keller Williams Realty Walnut Creek j***@loremultifamily.com Show Phone

Listed by Joey Wang · License #01890931 Show Phone

Source Elliman

Added: May 12 Updated: Jul 10 at 3:58PM Checked: Jul 21 at 8:52AM

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Investment Insights

Based on property information with market context.

Located one block from Ashby BART in South Berkeley, the mixed-use property at 3228 Adeline St comprises 7 units, offering immediate income and long-term growth potential. Situated on a lively commercial street with a 95 Walk Score, the property provides convenient access to cafes, markets, and transportation to San Francisco and other destinations. Its location is attractive to both students and working professionals, placing it in a high-demand area poised for sustained rental performance. The building features five renovated residential units, ranging from a 2-bedroom, 1-bathroom layout to 4 and 5-bedroom layouts, along with two commercial spaces. One of the commercial spaces is currently vacant and ready for lease-up or conversion to residential use. The units are furnished and designed to appeal to UC Berkeley students, traveling professionals, or co-living tenants. Additional features include shared laundry facilities, an attic-level common lounge, and a rear lot with potential for an Accessory Dwelling Unit (ADU). Professionally managed, this property offers investors a stable income stream with opportunities for future growth.

Key Highlights

• Prime Location: One block from Ashby BART in South Berkeley, offering excellent transit access.
• Strong Income Potential: Operating at a 6.5% CAP rate with day‑one income.
• Mixed‑Use Property: Features five renovated residential units and two commercial spaces.

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FAQs

What type of property is this?

Mixed-use property - Mixed-use 7-unit asset near Ashby BART with income potential.

Where is this mixed-use property located?

The property is located at 3228 Adeline St Berkeley, CA.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: Prime Location: One block from Ashby BART in South Berkeley, offering excellent transit access.; Strong Income Potential: Operating at a 6.5% CAP rate with day‑one income.; Mixed‑Use Property: Features five renovated residential units and two commercial spaces.