3228-3230 Adeline St - Apartments FOR SALE


Berkeley, CA 94703- South Berkeley
$3,700,000 USD
3228-3230 Adeline St, Berkeley, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/13
null | 6.5% Cap Rate

3228-3230 Adeline St
Berkeley, CA 94703
South Berkeley


HIGHLIGHTS

  • 7 Total Units: (5) Residential + (2) Commercial. • Historically strong performance with consistent occupancy and professional management.
  • Rear parking lot and ground floor offers possible ADU or additional unit development.
  • One block from Ashby BART with direct transit access across the Bay Area.

OVERVIEW

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. The units are offered furnished and designed to attract UC Berkeley students, traveling professionals, or co-living tenants. Each unit includes a washer and dryer, and the building features an attic level common lounge as well as a rear lot and ground floor that has ADU potential. Professionally managed by The Berkeley Group, this is a well-maintained, stable property with the benefit of flexibility— offering investors strong existing income with multiple avenues to unlock future growth. TRANSPARENT PRICE. Reach out to LA for private tours. Contact Joey at joey.wang@loremultifamily.com with questions. For the offering memorandum and inspection reports, go to https://www.loremultifamily.forsale/ Offers are due on Tuesday, May 26th, at noon. Disclaimer: The photos in this listing have been digitally enhanced.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$471 USD /SF

# OF UNITS

7

PRICE/UNIT

$528,571

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3228 Adeline Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,514 SF

ZONING

CSA, Berkeley

APN/PARCEL ID

052-1530-005-00

ASK ABOUT THIS PROPERTY

Joey WangKW CommercialMore Info

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