REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,500,000
Est. payment /mo
New
3228 Adeline St Berkeley, CA 94703
9,068 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,068 sqft
Price per Sqft $385
Subdivision Berkeley
MLS Listing ID 41149620
HOA Y/N No
Year Built 1904
Lot Size 4,514 Sqft
Acres 0.1
Property Sub-Type Multi Family
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 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.
Location
State CA
County Alameda
Rooms
Basement None
Interior
Interior Features Storage
Heating Natural Gas
Cooling Other
Flooring Laminate
Fireplace No
Laundry In Unit
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Willem Bos • COMPASS