3411 Adeline St

Berkeley, CA, 94703

$4,395,000

$695 per ft²
$4,395,000
$695 per ft²
Active
Active
 - For Sale
carpenters-square
6,317 ft²
property_type
Commercial
calendar
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:
8/9/22

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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