3411 Adeline St,Berkeley, CA 94703
Berkeley, CA 94703
Description
To access the marketing package, copy and paste: https://bit.ly/kitehillre 3411 Adeline Street is a fully renovated 6-unit apartment building located one block from Ashby BART in Berkeley. The property provides convenient access throughout Berkeley, Oakland, San Francisco, and the greater Bay Area while benefiting from a Walk Score of 95 near cafés, restaurants, markets, and neighborhood amenities along the Adeline corridor. Its location has historically attracted demand from UC Berkeley students, commuters, and young professionals seeking large-format housing with convenient transit access. The property features a unit mix of (3) 3-bedroom/2-bath units, (1) 4-bedroom/3-bath unit, and (2) 4-bedroom/4-bath units, making it well suited for traditional rental, student housing, or co-living. Current rents average over $4,480 per month per unit, providing strong in-place income with additional long-term rental upside. The large floor plans are complemented by in-unit laundry, shared laundry facilities, solar panels, and off-street parking. Originally redeveloped down to the studs, the property has undergone extensive renovations including all new electrical, plumbing, roof, and windows. Each unit has been updated with modern kitchens, bathrooms, and contemporary finishes throughout. In addition, the property includes two newly constructed ground-up ADUs at the rear, further enhancing the property's income profile. The asset is currently offered at a 6.77% Cap Rate and 9.54 GRM.
Details
| MLS # | 41135043 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 150 |
| Listing Provided By | Kite Hill Real Estate | Jatin Mehta |
Features
| Units | 6 |
|---|---|
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | Stucco |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94703 |
| Community Name | BERKELEY |
| Listing VS Median (in BERKELEY) | |
Price: $3,285,000 low | high Med: $0 On site: 150 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: $3,285,000 low | high Med: $0 On site: 150 low | high Med: | |
 | $3,500,0003228 Adeline StBerkeley, CA 94703 |