3228 Adeline St, Berkeley, CA 94703
- $3,500,000
- 9,068
- SqFt
Listing courtesy of Willem Bos from COMPASS. 916-698-9954
- List Price
- $3,500,000
- Status
- ACTIVE
- Days on Market
- 34
- MLS#
- 41149620
- Subtype
- Commercial Sale
- Year Built
- 1904
- Living Area
- 9,068
- Lot Size
- 4,514
- Acres
- 0.10
- Subdivision
- Berkeley
- Neighborhood
- Berkeley
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.
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Additional Information
- Flooring
- Laminate
- Heating
- Natural Gas
- Air Conditioning
- Other
- Exterior Features
- Wood Siding
- Roof
- Composition Shingles
- Parking Features
- Parking Lot
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