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Berkshire Hathaway - Drysdale Properties
3228 Adeline St, Berkeley, CA 94703
- $3,500,000
- 9,068
- SqFt
- List Price
- $3,500,000
- Status
- ACTIVE
- MLS#
- 41149620
- Year Built
- 1904
- Property Type
- 5 Or More Units
- Living Area
- 9,068
- Lot Size
- 4,514
- Acres
- 0.10
- County
- Alameda
- Subdivision
- 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 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.
Additional Information
- Exterior
- Wood Siding
- Flooring
- Laminate
- Laundry Features
- In Unit
- Lot Description
- Rectangular Lot
- Parking Features
- Parking Lot
- Roof
- Composition Shingles
- Water Sewer
- Public
Mortgage Calculator
Listing courtesy of Willem Bos from COMPASS. 916-698-9954
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