3228 Adeline StBerkeley, CA 94703
BERKELEY · Alameda County
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.
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1904
- Living area
- 9,068 Sq Ft
- Lot size
- 0.10 acres
- Days on market
- 3
- MLS® Listing#
- 41149620
Property Features
- Interior
- Storage
- Cooling
- Other
- Heating
- Natural Gas
- Flooring
- Laminate
- Basement
- None
- Parking
- Parking Lot
- Laundry
- In Unit
- Lot features
- Rectangular Lot
- Construction
- Wood Siding
- Roof
- Shingle
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
Listing Courtesy: COMPASS - 4156609955
Presented by: Willem Bos
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