Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,068 sqft

Price per Sqft $363

Subdivision South Berkeley

MLS Listing ID 41134280

HOA Y/N No

Year Built 1904

Lot Size 4,514 Sqft

Property Sub-Type 5 or More Units

Source Bridge AOR

Property Description

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.

Location

State CA

County Alameda

Interior

Heating Zoned

Cooling Central Air

Flooring Hardwood, Hardwood Flrs Throughout

Fireplace No

Appliance Refrigerator, Dryer, Washer

Laundry Dryer, In Unit, Washer

Building

Water Public

Others

Special Listing Condition Standard

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