For Sale $3,295,000
Property Type Multi-Family
Property Size 7,042 SF
Units 14
Lot Size 0.21 Acre
Additional Rent Contact for pricing
Year Built 1944
Date Updated Nov 5, 2024

2930 Adeline Street is located in South Berkeley just steps from the Berkeley Bowl Marketplace and many other walkable retail locations including Walgreens. Situated on the corner of Ashby Avenue two blocks from Shattuck Avenue, the location allows tenants the additional convenience of Whole Foods (with outdoor dining) and various outdoor cafes and shops, all within an easy walk. Commuters will appreciate the proximity of city bus lines and the Ashby BART Station just one short block away. The property features a 93 walk score and is considered a “Walker’s Paradise” by walkscore.com. This A+ location will continue to demand premium tenants and maintain an ultra-low vacancy rate.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 sought-after areas.

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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

Contacts

Tim Warren

NAI NorCal

Location

Getting Around

Walk Score ®
93/100 Walker's Paradise
Transit Score ®
64/100 Good Transit
Bike Score ®
96/100 Biker's Paradise

City Berkeley, CA
Neighborhood South Berkeley
Zip Code 94703
Market Bay Area

Points of Interest

Ashby

0.17 miles
Downtown Berkeley

1.02 miles
North Berkeley

1.49 miles
Emeryville

1.60 miles
MacArthur

1.84 miles
Berkeley

1.90 miles
Redwood Valley Railway

3.08 miles
19th Street BART Street Elevator

3.34 miles
Oakland City Center - 12th Street

3.59 miles
El Cerrito Plaza

3.64 miles

Chevron

0.15 miles
BioFuel Oasis

0.56 miles
Telegas

0.59 miles
76

0.70 miles
Shell

0.81 miles
Fuel 24:7

1.06 miles
Alaska Gas

1.10 miles
Mobil

1.10 miles
UC Gas & Food

1.11 miles
Electrify America

1.67 miles

Tool Library

0.12 miles
Alta Bates parking

0.57 miles
Ellsworth Parking Structure

0.83 miles
UCB Parking

0.89 miles
Oxford Garage

0.94 miles
North Extension Lot

0.94 miles
RSF Garage

0.95 miles
Allston Way Garage

0.99 miles
Telegraph Channing Garage

0.99 miles
Center Street Garage

1.05 miles

Rose Garden Inn

0.62 miles
Downtown Berkeley Inn

0.84 miles
Hotel Shattuck Plaza

0.96 miles
Downtown Berkeley YMCA Hotel

0.96 miles
Residence Inn by Marriott Berkeley

1.07 miles
Travelodge

1.11 miles
Graduate by Hilton Berkeley

1.12 miles
Quality Inn University

1.17 miles
Nash Hotel

1.17 miles
Super 8 Berkeley

1.21 miles

Flacos

0.10 miles
Dessert Cafe

0.17 miles
Mochinut

0.17 miles
Emilia's Pizzeria

0.17 miles
La Familia

0.17 miles
Munch India

0.18 miles
Los Cilantros

0.26 miles
Sconehenge

0.28 miles
Kirala

0.31 miles
Lemat

0.37 miles

Sheri Tharp Woodcarving Classes

0.24 miles
Malcolm X Elementary School

0.27 miles
King Child Development Center

0.30 miles
Berkeley Technology Academy

0.30 miles
Sylvia Mendez Elementary School

0.40 miles
Happy baby

0.43 miles
The model school

0.52 miles
Acupuncture and Integrative Medicine College - Berkeley

0.52 miles
Longfellow Middle School

0.55 miles
American International Montessori

0.55 miles

Ephesian Children's Center

0.37 miles
The Rec Room

0.38 miles
South YMCA

0.40 miles
East Bay Agency for Children Therapeutic Nursery School

0.62 miles
Jones Child Study Center

0.77 miles
Haste Street Child Development Center

0.84 miles
Dwight Way Child Development Center

0.88 miles
Rockridge Little School

1.07 miles
Claremont Day Nursery

1.13 miles
Woolly Mammoth

1.23 miles

Frequently Asked Questions

How much does 2930 Adeline Street cost?

The space currently listed for sale at 2930 Adeline Street asks for $3,295,000.

What is the total square footage of 2930 Adeline Street?

2930 Adeline Street totals 7,042 square feet.

When was this property built?

2930 Adeline Street was built in 1944.

Looking for more in-depth information on this property?

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Contact Listing Broker

Tim Warren

NAI NorCal

Map of Property

2930 Adeline Street