3228 Adeline St,Berkeley, CA 94703
Berkeley, CA 94703
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.
Details
| MLS # | 41149620 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1904 |
| Days On Site | 15 |
| Listing Provided By | COMPASS | Willem Bos |
Features
| Units | 7 |
|---|---|
| Acreage | 0.10 |
Interior
| Cooling | See Remarks |
|---|---|
| Heating | Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Wood Siding |
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94703 |
| Community Name | BERKELEY |
| Listing VS Median (in BERKELEY) | |
Price: $3,500,000 low | high Med: $0 On site: 15 low | high Med: | |
Market Activity 94703
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94703 |
| Community Name | BERKELEY |
| Listing VS Median (in BERKELEY) | |
Price: $3,500,000 low | high Med: $0 On site: 15 low | high Med: | |
 | $3,285,0003411 Adeline StBerkeley, CA 94703 |