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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.
Property Type(s):
Residential Income
| Last Updated | 5/11/2026 | Tract | SOUTH BERKELEY |
|---|---|---|---|
| Year Built | 1904 | County | Alameda |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| APPLIANCES | Dryer, Washer |
| CONSTRUCTION | Stucco |
| HEAT | Forced Air |
| LOT | 4513 sq ft |
| LOT DIMENSIONS | 4514 |
| SUBDIVISION | SOUTH BERKELEY |
Location
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Listed with Keller Williams Realty
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