3228 Adeline St, Berkeley, CA 94703
- Sqft
- 9,068
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Overview
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 will be delivered 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 7.5% CAP with multiple avenues to unlock future growth.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 9,068
- Lot size (acres)
- 0.10
- Year built
- 1904
Interior features
- Laundry
- In Unit
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Zoned
- Cooling
- Central Air
- Sewer
- Public Sewer
- Water
- Public Water
Public schools
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Sourced from: Bay East Association of REALTORS MLS®#: 41134280 Last checked: …
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