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$3,700,000
Est. payment /mo
4,512 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision South Berkeley
MLS Listing ID 41134280
HOA Y/N No
Year Built 1904
Lot Size 4,512 Sqft
Property Description
Positioned just one block from Ashby BART in the heart of South Berkeley, 3228 Adeline St is a mixed-use 7-unit asset offering strong day-one income and long-term upside. Located on a vibrant commercial corridor with a 95 Walk Score, the property enjoys easy access to cafés, local markets, and transit connecting directly to San Francisco and beyond. With a location that appeals to both students and working professionals, it sits in a high-demand pocket primed for continued rental performance. The building includes five renovated residential units—ranging from a 2BD/1BA to 4 and 5-bedroom layouts—and two commercial spaces, one of which is currently vacant and primed for lease-up or residential conversion. The units are offered furnished and designed to attract UC Berkeley students, traveling professionals, or coliving tenants. The building also features shared laundry, an attic-level common lounge, and a rear lot with ADU potential. Professionally managed by The Berkeley Group, this is a well-maintained, stable property with the benefit of flexibility—offering investors a strong existing income at a 6.5% CAP with multiple avenues to unlock future growth.
Location
State CA
County Alameda
Interior
Heating Forced Air
Fireplace No
Appliance Dryer, Washer
Exterior
Roof Type Shingle
Total Parking Spaces 4
Others
Tax ID 5215305
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Listed by Joey Wang Keller Williams Realty #01890931
NEARBY SCHOOL & BUSINESS
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