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3228 Adeline St Berkeley, CA 94703
4,512 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Berkeley
MLS Listing ID 41149620
HOA Y/N No
Year Built 1904
Lot Size 4,512 Sqft
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 four furnished residential units leased by the bed plus three retail suites along 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
Interior
Heating Natural Gas
Cooling See Remarks
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 4
Others
Tax ID 5215305
Listed by Willem Bos COMPASS #02013980