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
$ 3,700,000
Est. payment | /mo
9,068 SqFt
$ 3,700,000
Est. payment | /mo
9,068 SqFt
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 $408
Subdivision South Berkeley
MLS Listing ID 41134280
HOA Y/N No
Year Built 1904
Lot Size 4,514 Sqft
Acres 0.1
Property Sub-Type Multi Family
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 is currently 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 6.5% CAP with multiple avenues to unlock future growth.
Location
State CA
County Alameda
Rooms
Basement None
Interior
Interior Features Updated Baths, Updated Kitchen
Heating Zoned
Cooling Central Air
Flooring Hardwood, Hardwood Flrs Throughout
Fireplace No
Appliance Refrigerator, Dryer, Washer
Laundry Dryer, In Unit, Washer
Building
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 Joey Wang • Keller Williams Realty
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "