3411 Adeline St
Berkeley, CA, 94703
$4,395,000
$695 per ft²
$4,395,000
$695 per ft²
Active
Active
- For Sale6,317 ft²
Commercial
Built 1940
www.3411Adeline.com. 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.
MLS® ID:
40995368
Listed:
5/30/22
Updated:
8/8/22
Coldwell Banker Realty
Michele McKay
Interior Features
Total Bedrooms
0
Total Bathrooms
0
Floor Description
Other
Cooling
Other
Heating
Other
Exterior/Building Features
Lot Size
6,203 ft² lot
Lot Details
Other
Roof
Other
Other Property Details
Garage
No
Parking
Other
View
N
County
Alameda
Pool
No
Property History
Date
Event
Price
Value
6/27/22
Price Change
$4,395,000
-2%
Courtesy of The Pinza Group, Inc, Steven Pinza
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Coldwell Banker Realty
Michele McKay
