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Listed by Kite Hill Real Estate
$ 3,498,000
Est. payment | /mo
6,216 SqFt
$ 3,498,000
Est. payment | /mo
6,216 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,216 sqft
Price per Sqft $562
Subdivision Berkeley
MLS Listing ID 41135043
HOA Y/N No
Year Built 1940
Lot Size 6,203 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre 3411 Adeline Street presents a rare opportunity to acquire a fully renovated 6-unit asset in one of Berkeley's most transit-oriented and supply-constrained rental corridors. Located just one block from Ashby BART, the property offers immediate connectivity throughout Berkeley, Oakland, San Francisco, and the greater Bay Area while benefiting from a Walk Score of 95 near cafés, restaurants, markets, and neighborhood amenities along the vibrant Adeline corridor. The property's location continues to attract strong tenant demand from UC Berkeley students, commuters, and young professionals seeking large-format housing with convenient transit access. The property features an exceptional unit mix comprised of (3) 3-bedroom/2-bath units, (1) 4-bedroom/3-bath unit, and (2) 4-bedroom/4-bath units, creating an ideal setup for student and co-living tenancy. Current rents average over $4,200 per month per unit, providing strong in-place income with additional long-term rental upside in Berkeley's historically resilient multifamily market. The large floor plans, combined with modern amenities including in-unit laundry, shared laundry facilities, solar panels, and off-street parking, position the asset competitively against other multifamily offerings in the area. 3411 Adeline Street has undergone a complete studs-down redevelopment, offering investors a truly turnkey asset with minimal deferred maintenance. Ownership extensively renovated the property with all new electrical, plumbing, roof, and windows while fully modernizing each unit with updated kitchens, bathrooms, and contemporary finishes throughout. In addition, the property includes two newly constructed ground-up ADUs at the rear, further enhancing the property's income profile and long-term value potential. The combination of premier location, strong cash flow, and extensive capital improvements makes 3411 Adeline Street a compelling investment opportunity in the Berkeley multifamily market.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling None
Flooring Wood
Fireplace No
Laundry Coin Operated
Building
Lot Description Rectangular Lot, Paved
Water Public
Schools and Properties Nearby