3228 Adeline St, Berkeley, CA 94703
- $3,500,000
Listed by Willem Bos, (916) 698-9954 from COMPASS
(If provided) CoList: from
- List Price
- $3,500,000
- MLS#
- EB41149620
- Status
- ACTIVE
- Lot Size
- 4,514
- Listing Area
- Berkeley Map Area 8
- Year Built
- 1904
Property 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.
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Additional Information
- Acres
- 0.10
- Amenities
- Storage Area(s)
- Cooling System
- Other
- Days On Market
- Unknown
- Exterior Features
- Siding - Wood
- Floor Covering
- Laminate
- Garage Parking
- Parking Area
- Heating System
- Gas
- Laundry Facilities
- Laundry Area - In Unit
- Lot Description
- Regular
- Lot Size
- 4,514
- Neighborhood
- Berkeley Map Area 8
- Numberof Units
- 7
- Roof
- Composition
- Unincorporated Yn
- Yes
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