3228 Adeline Street, Berkeley, CA 94703

• 9,068 sqft

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.

Listing Status:

Active

Date Added:

May 11, 2026

Data Last Updated:

May 20, 2026 at 4:09AM

Listing Office:

Keller Williams Realty : 925-934-2900

Listing Agent:

Joey Wang : 510-592-5554

MLS ID:

41134280

Interior

• General: Updated BathsUpdated Kitchen
• Appliances: RefrigeratorDryerWasher
• Laundry: DryerIn UnitWasher
• Basement: None
• Flooring: HardwoodHardwood Flrs Throughout
• A/C: Central Air
• Heating: Zoned

Exterior

• Parking: Parking LotUncovered Park Spaces 2+

Construction

• Roofing: Shingle
• General: Stucco

Location

• County: Alameda

Lot

• Fencing: Partial

Utilities

• Water: Public
• Sewer: Public Sewer