6-Units | $27,000+/mo | 6.87% Cap | 9.35 GRM 3411 Adeline St 6 Unit Apartment Building $4,536,158 CAD ($756,026 CAD/Unit) 6.77% Cap Rate Berkeley, CA 94703

- 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 $4,480/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 is a fully renovated 6-unit apartment building located one block from Ashby BART in Berkeley. The property provides convenient access 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 Adeline corridor. Its location has historically attracted demand from UC Berkeley students, commuters, and young professionals seeking large-format housing with convenient transit access.
The property features a unit mix of (3) 3-bedroom/2-bath units, (1) 4-bedroom/3-bath unit, and (2) 4-bedroom/4-bath units, making it well suited for traditional rental, student housing, or co-living. Current rents average over $4,480 per month per unit, providing strong in-place income with additional long-term rental upside. The large floor plans are complemented by in-unit laundry, shared laundry facilities, solar panels, and off-street parking.
Originally redeveloped down to the studs, the property has undergone extensive renovations including all new electrical, plumbing, roof, and windows. Each unit has been updated with modern 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. The asset is currently offered at a 6.77% Cap Rate and 9.54 GRM.