Fully Renovated 6-Unit Apartment
For Sale
$3,285,000
3411 Adeline St, Berkeley, CA 94703
Fully renovated 6-unit building with in-unit laundry, solar, and off-street parking plus two rear ADUs.
Property Size6,216 SF
Days on Market82
Property Features for 3411 Adeline St
General Information
Standard status
Active
Size
6,216 SF
Property subtype
5 or More Units
Additional Details
Cap Rate
6.77%
Multifamily Units
6
Amenities
in-unit laundry
shared laundry facilities
solar panels
off-street parking
Building Details
Building Size
6,216 SF
Year Built
1940
Tenancy
Multi
Listing Agency:
Kite Hill Real Estate
(415) 795-2797
Listed By:
Jatin Mehta, · License #02045713
Source:
Remaxaccord
Added: May 15
Changed: Jul 27
Last Checked: Aug 4 at 9:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kite Hill Real Estate
Investment Insights
Based on property information with market context.
3411 Adeline St is a fully renovated 6-unit apartment building that was originally redeveloped down to the studs. Renovations include new electrical, plumbing, roof, and windows, along with updated kitchens, bathrooms, and contemporary finishes throughout the units. The property offers a unit mix of (3) 3-bedroom/2-bath units, (1) 4-bedroom/3-bath unit, and (2) 4-bedroom/4-bath units. Laundry is available via both in-unit laundry and shared laundry facilities, and the building includes solar panels and off-street parking.
Located one block from Ashby BART in Berkeley, the property provides convenient access throughout the East Bay and the greater Bay Area. The listing also notes a Walk Score of 95 near cafes, restaurants, markets, and amenities along the Adeline corridor.
In addition to the main building units, the property includes two newly constructed ground-up ADUs at the rear, expanding the income-producing component of the site.
Located one block from Ashby BART in Berkeley, the property provides convenient access throughout the East Bay and the greater Bay Area. The listing also notes a Walk Score of 95 near cafes, restaurants, markets, and amenities along the Adeline corridor.
In addition to the main building units, the property includes two newly constructed ground-up ADUs at the rear, expanding the income-producing component of the site.
Key Highlights
- Fully renovated 6‑unit apartment building (built 1940) one block from Ashby BART in Berkeley
- Unit mix: three 3BD/2BA, one 4BD/3BA, and two 4BD/4BA
- Extensive renovations including new electrical, plumbing, roof, and windows, originally redeveloped down to the studs
Financial Insights For Apartment 5plus
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 | $236.5k | $38.04 |
| − Vacancy | −$11.8k | −$1.90 |
| EGI | $224.6k | $36.14 |
| − OpEx | −$101.1k | −$16.26 |
| NOI | $123.5k | $19.88 |
6,216 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.76M
$1.54M – $2.06M
NOI $123,549 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,280 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 94703, CA
20,805
Population
9,654
Households
2.2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
16,004
Density / Sq Mi
$108,922
Median Household Income
$66,261
Median Earnings
$2,257
Median Rent
$1,273,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 6-unit building with in-unit laundry, solar, and off-street parking plus two rear ADUs.
Where is this apartment building located?
The property is located at 3411 Adeline St Berkeley, CA.
What is the asking price?
The asking price for this property is $3,285,000.
What are key features of this property?
This property features: Fully renovated 6‑unit apartment building (built 1940) one block from Ashby BART in Berkeley; Unit mix: three 3BD/2BA, one 4BD/3BA, and two 4BD/4BA; Extensive renovations including new electrical, plumbing, roof, and windows, originally redeveloped down to the studs
