3228 Adeline Street, Berkeley, CA 94703
List Price: $3.3M
Listing Status: Active
Original List Price: $3.7M
0Days on Market: 32
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1904
Lot Size: 4,514 sq ft
MLS Number: 41134280
About This Property
Positioned just one block from Ashby BART in the heart of South Berkeley, 3228 Adeline St is a mixed-use 7-unit asset offering strong day-one income and long-term upside. Located on a vibrant commercial corridor with a 95 Walk Score, the property enjoys easy access to cafés, local markets, and transit connecting directly to San Francisco and beyond. With a location that appeals to both students and working professionals, it sits in a high-demand pocket primed for continued rental performance. The building includes five renovated residential units—ranging from a 2BD/1BA to 4 and 5-bedroom layouts—and two commercial spaces, one of which will be delivered vacant and primed for lease-up or residential conversion. The units are offered furnished and designed to attract UC Berkeley students, traveling professionals, or coliving tenants. The building also features shared laundry, an attic-level common lounge, and a rear lot with ADU potential. Professionally managed by The Berkeley Group, this is a well-maintained, stable property with the benefit of flexibility—offering investors a strong existing income at a 7.5% CAP with multiple avenues to unlock future growth.
Listing provided by: Joey Wang DRE #01890931 925-934-2900 joey.wang@loremultifamily.com, Keller Williams Realty
Source: CRMLS, MLS #: 41134280
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.