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… Read More 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. Read Less
Property listed by Keller Williams Realty, Joey Wang 925-934-2900
Listing Snapshot
Days Online
7
Last Updated
Lot Size
0.1 Acres
Year Built
1904
MLS Number
41134280
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1904, Construction Materials: Stucco
Heating
ForcedAir
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $355,440
Lot
0.1036 acres
Parking
4 total parking spaces
Roof
Shingle
Taxes
Parcel Number: 5215305
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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