3411 Adeline St, Berkeley, CA

$4,395,000

Previous Next

6,317

Square feet

0.14

Acres

About 3411 Adeline St

www.3411Adeline.com; Qualified Opportunity Zone; Price reduced by $100K. The building features an ideal unit mix of two 3bd/2bth ADU's, one large 3bd/2bth, one 4bd/3bth, and two spacious 4bd/4bth, totaling 6,208 SF in rentable space. The property is 100% occupied at market rate, providing the opportunity for a truly passive investment. All units have been fully remodeled, including brand new windows, appliances, and beautiful hardwood flooring. Each unit is separately metered for gas & electric, with current tenants paying for PG&E. The structure is also sub-metered for water, sewer & trash, allowing future ownership to recapture utility expense by implementing RUBS. Offered at an above market 5.91% cap rate.

Features of 3411 Adeline St

MLS® # 40995368
Price $4,395,000
Bathrooms 0.00
Square Footage 6,317
Acres 0.14
Year Built 1940
Type COMM RI MULTI-UNITS 5+
Sub-Type Apt Complex
Status Active

Community Information

Address 3411 Adeline St
Area Berkeley Map Area 8
City Berkeley
County Alameda
State CA
Zip Code 94703

Amenities

Utilities Other Water/Sewer
Parking Other
Is Waterfront No
Has Pool No

Interior

Heating Other
Cooling Other
Fireplace No

Exterior

Lot Description Other
Construction Other

Additional Information

Date Listed May 31st, 2022
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentSteven Pinza
OfficeThe Pinza Group, Inc

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?