3228 Adeline Street, Berkeley, CA 94703
MULTI_FAMILY - Berkeley, CA
- Added:
- May 11, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 26 at 11:06 am
Property Features for 3228 Adeline Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Covered, Parking Lot
- Interior features
- Updated Baths, Updated Kitchen
- Appliances
- Refrigerator, Dryer, Washer
- Standard status
- Active
- Size
- 9,068 SF
- Lot size
- 0.10 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1904
- Flooring type
- Hardwood
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Joey Wang License #01890931 (510) 592-5554
Listing office Keller Williams Realty 201 N Civic Drive, Suite 130, Walnut Creek, CA (925) 934-2900
Listing date May 11, 2026
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use 7‑unit property in South Berkeley, positioned one block from Ashby BART
- Includes 5 renovated residential units plus 2 commercial spaces; one commercial space delivered vacant for lease‑up or conversion
- Unit interiors feature updated kitchen and updated baths; hardwood flooring and furnished unit offering
- Shared laundry and an attic‑level common lounge, plus covered parking and a parking lot
- Zoned heating with central air; stucco construction with a shingle roof
- Public utilities: public water and public sewer; offered with a 7.5% CAP and rear lot with ADU potential
Overview
The asset is positioned one block from Ashby BART in the heart of South Berkeley, on a vibrant commercial corridor. The location is supported by a reported 95 Walk Score and offers convenient access to cafes, local markets, and transit connections toward San Francisco and beyond.
For investors and operators, the combination of renovated apartments and dedicated commercial frontage provides multiple leasing paths. One of the commercial spaces will be delivered vacant and ready for lease-up or residential conversion, while the furnished residential offering is designed to appeal to UC Berkeley students, traveling professionals, or coliving tenants. The property is professionally managed by The Berkeley Group and is presented as a well-maintained, stable building with on-site amenities that support tenant day-to-day needs.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $326.4k | $36.00 |
| − Vacancy | −$24.5k | −$2.70 |
| EGI | $302.0k | $33.30 |
| − OpEx | −$90.6k | −$9.99 |
| NOI | $211.4k | $23.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.271452
- Latitude
- 37.849976
