3411 Adeline St 3411 Adeline St 6 Unit Apartment Building $4,800,935 CAD ($800,156 CAD/Unit) 6.01% Cap Rate Berkeley, CA 94703

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- Turnkey Investment Opportunity: This extensively upgraded asset in a high-demand Berkeley rental market offers strong cash flow with minimal deferred maintenance
- Exceptional Large-Unit Mix: Rare 6-unit configuration featuring (3) 3BD/2BA units, (1) 4BD/3BA unit, and (2) 4BD/4BA units ideal for student and group housing demand
- Strong In-Place Income: Average rents exceeding $4,200/month per unit supported by consistent demand from UC Berkeley students and commuters
- Complete Studs-Down Renovation: Property was fully rebuilt with all new electrical, plumbing, roof, and windows, significantly reducing future capital expenditure needs
- Brand-New Ground-Up ADUs: Addition of two newly constructed rear ADUs enhances both rental income potential and long-term asset value
- Modern Tenant Amenities: All units feature renovated kitchens and bathrooms, in-unit and shared laundry, solar panels, and two off-street parking spaces
- Premier Berkeley Location: Situated one block from Ashby BART, offering direct transit access throughout the Bay Area and immediate proximity to cafés, markets, restaurants, and neighborhood amenities along the Adeline corridor.
3411 Adeline Street presents a rare opportunity to acquire a fully renovated 6-unit asset in one of Berkeley’s most transit-oriented and supply-constrained rental corridors. Located just one block from Ashby BART, the property offers immediate connectivity throughout Berkeley, Oakland, San Francisco, and the greater Bay Area while benefiting from a Walk Score of 95 near cafés, restaurants, markets, and neighborhood amenities along the vibrant Adeline corridor. The property’s location continues to attract strong tenant demand from UC Berkeley students, commuters, and young professionals seeking large-format housing with convenient transit access.
The property features an exceptional unit mix comprised of (3) 3-bedroom/2-bath units, (1) 4-bedroom/3-bath unit, and (2) 4-bedroom/4-bath units, creating an ideal setup for student and co-living tenancy. Current rents average over $4,200 per month per unit, providing strong in-place income with additional long-term rental upside in Berkeley’s historically resilient multifamily market. The large floor plans, combined with modern amenities including in-unit laundry, shared laundry facilities, solar panels, and off-street parking, position the asset competitively against other multifamily offerings in the area.
3411 Adeline Street has undergone a complete studs-down redevelopment, offering investors a truly turnkey asset with minimal deferred maintenance. Ownership extensively renovated the property with all new electrical, plumbing, roof, and windows while fully modernizing each unit with updated kitchens, bathrooms, and contemporary finishes throughout. In addition, the property includes two newly constructed ground-up ADUs at the rear, further enhancing the property’s income profile and long-term value potential. The combination of premier location, strong cash flow, and extensive capital improvements makes 3411 Adeline Street a compelling investment opportunity in the Berkeley multifamily market.