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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$3,285,000

Est. payment - /mo

6,202 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Berkeley

MLS Listing ID 41135043

HOA Y/N No

Year Built 1940

Lot Size 6,202 Sqft

Property Description

To access the marketing package, copy and paste: https://bit.ly/kitehillre 3411 Adeline Street is a fully renovated 6-unit apartment building located one block from Ashby BART in Berkeley. The property provides convenient access 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 Adeline corridor. Its location has historically attracted demand from UC Berkeley students, commuters, and young professionals seeking large-format housing with convenient transit access. The property features a unit mix of (3) 3-bedroom/2-bath units, (1) 4-bedroom/3-bath unit, and (2) 4-bedroom/4-bath units, making it well suited for traditional rental, student housing, or co-living. Current rents average over $4,480 per month per unit, providing strong in-place income with additional long-term rental upside. The large floor plans are complemented by in-unit laundry, shared laundry facilities, solar panels, and off-street parking. Originally redeveloped down to the studs, the property has undergone extensive renovations including all new electrical, plumbing, roof, and windows. Each unit has been updated with modern 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. The asset is currently offered at a 6.77% Cap Rate and 9.54 GRM.

Location

State CA

County Alameda

Interior

Heating Natural Gas

Cooling None

Fireplace No

Exterior

Total Parking Spaces 3

Others

Tax ID 5214343

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Listed by Jatin Mehta Kite Hill Real Estate #02045713

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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3411 Adeline St Berkeley, CA 94703

Patricia Beattie

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

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