2930-2932 Adeline St - Apartments FOR SALE


Berkeley, CA 94703
$3,295,000 USD
707-363-2463
2930-2932 Adeline St, Berkeley, CA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/39
null | 5.62% Cap Rate

2930-2932 Adeline St
Berkeley, CA 94703


HIGHLIGHTS

  • Consists of eleven (11) 1-bedroom, 1-bathroom units, and three (3) studio units
  • Excellent in-place cash flow with a 5.31% cap rate and significant rental upside
  • Features include secured gated access, dual pane vinyl windows, and a community garden
  • Features a 93 walk score and is considered a “Walker’s Paradise” by walkscore.com
  • Steps from both Ashby and Shattuck Avenues offering amazing eateries, The Berkeley Bowl, Whole Foods, and more
  • Less than one block to the Ashby BART station offering complete Bay Area access

OVERVIEW

The Mitchell Warren Team is pleased to present 2930 Adeline Street, a 14-unit multifamily asset in a prime South Berkeley location steps from the Ashby BART station. This well-maintained property features a desirable unit mix, consisting of eleven (11) 1-bedroom, 1-bathroom units, and three (3) studio units, making it an attractive option for a variety of tenants. Features include secured gated access, dual pane vinyl windows, and five (5) off-street parking spaces. Tenants will also enjoy the shared yard designed by Professor Owen Lang and his team of students from the Academy of Art. The property’s ideal location will ensure vacancy is kept to a minimum and cash flow strong. Don't miss out on this exceptional opportunity to acquire a stabilized multifamily asset with strong in-place income in one of Berkeley's most soughtafter areas.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$496 USD /SF

# OF UNITS

14

PRICE/UNIT

$235,357

CAP RATE

5.62%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Steps from the Ashby BART | $155K Reduction!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1944

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

RM2

APN/PARCEL ID

053-1598-014-01

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.