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Listed by Joey Wang • Keller Williams Realty
$ 3,700,000
Est. payment /mo
New
3228 Adeline Street Berkeley, CA 94703
9,068 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,068 sqft
Price per Sqft $408
Subdivision South Berkeley
MLS Listing ID 41134280
HOA Y/N No
Year Built 1904
Lot Size 4,514 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
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 Zoned
Cooling Central Air
Flooring Hardwood, Hardwood Flrs Throughout
Fireplace No
Appliance Refrigerator, Dryer, Washer
Laundry Dryer, In Unit, Washer
Building
Water Public
Others
Special Listing Condition Standard
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