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2930-2932 Adeline St
Berkeley, CA 94703
Steps from the Ashby BART | $155K Reduction! · Multifamily Property For Sale · 14 Units

INVESTMENT HIGHLIGHTS

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

PROPERTY FACTS

No. Units 14
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.21 AC
Building Size 6,644 SF
Average Occupancy 92%
No. Stories 2
Year Built 1944
Parking Ratio 1.05/1,000 SF
Zoning RM2 - Multi-Family Dwelling

AMENITIES

UNIT AMENITIES

  • Cable Ready
  • Bay Window
  • Hardwood Floors
  • Refrigerator
  • Breakfast Nook
  • Double Pane Windows
  • Handrails

SITE AMENITIES

  • Zen Garden

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 11 - 425 - 500
Studios 3 - 350

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
053-1598-014-01
Land Assessment
$312,127
Improvements Assessment
$472,945
Total Assessment
$785,072
  • Listing ID: 32839799

  • Date on Market: 8/16/2024

  • Last Updated:

  • Address: 2930-2932 Adeline St, Berkeley, CA 94703

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