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Listed by Willem Bos, DRE #02013980 • COMPASS
$ 3,500,000
Est. payment /mo
New
3228 Adeline St Berkeley, CA 94703
15 Beds
3 Baths
9,068 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,068 sqft
Price per Sqft $385
MLS Listing ID EB41149620
Bedrooms 15
Year Built 1904
Lot Size 4,514 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
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.
Location
State CA
County Alameda
Area Berkeley Map Area 8
Interior
Heating Gas
Cooling Other
Flooring Laminate
Laundry Laundry Area - In Unit
Exterior
Exterior Feature Siding - Wood
Parking Features Parking Area
Garage Spaces 4.0
Roof Type Composition
Building
Lot Description Regular
Others
Special Listing Condition New, Not Applicable
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