3228 Adeline St, Berkeley, CA 94703

Berkeley
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
3228 Adeline St,Berkeley, CA 94703
$3,500,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: willem bos
Office: compass415-660-9955
MLS#:41149620
Source:CRMLS

Price summary

  • Price:$3,500,000

About this home

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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Home facts

  • Year built:1904
  • Subdivision & Development:BERKELEY
  • Listing ID #:41149620
  • Added:45 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1904
  • Lot area:0.1 Acres
  • Construction Materials:Wood Siding

Finances and disclosures

  • Price:$3,500,000

Parking

  • Total parking spaces:4
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