6-Units | Ashby

3411 Adeline St, Berkeley, CA 94703

Property Information

  • For Sale $3,498,000
  • Property Type Multi-Family
  • Property Size 6,216 SF
  • Units 6
  • Lot Size 0.15 Acre
  • Building Class C
  • Year Built 1940
  • Date Updated May 15, 2026

Description

Ashby is one of Berkeley’s most strategically positioned neighborhoods for apartment investment, offering the rare combination of urban accessibility, neighborhood character, and enduring rental demand. Anchored by the Ashby BART station and situated near major corridors like Adeline Street, Telegraph Avenue, and Shattuck Avenue, the area gives residents convenient access to UC Berkeley, Downtown Berkeley, Oakland, San Francisco, and the broader East Bay employment base. For multifamily owners, this connectivity supports a broad tenant pool that includes students, university affiliates, young professionals, commuters, and long-term Berkeley residents. The neighborhood’s appeal is strengthened by its walkable, culturally rich environment. Ashby is known for its mix of historic homes, small apartment buildings, local cafés, independent shops, community institutions, and proximity to South Berkeley and Elmwood amenities. This blend creates a residential setting that feels established and authentic while still benefiting from Berkeley’s strong regional brand. Investors in apartment buildings can position properties around lifestyle fundamentals that continue to matter to renters: transit access, neighborhood identity, access to education and jobs, and proximity to dining, retail, and recreation. For real estate investors, Ashby offers compelling long-term fundamentals within a supply-constrained Berkeley market. Multifamily assets in the neighborhood may benefit from consistent renter demand, limited new housing supply, and the stability associated with a high-barrier-to-entry university city. Apartment buildings that are well maintained, thoughtfully upgraded, and priced appropriately can appeal to tenants seeking both convenience and character. As Berkeley continues to attract residents drawn to the East Bay’s academic, cultural, and employment opportunities, Ashby remains a neighborhood worth watching for durable multifamily investment potential. Scores Walk Score - 94 Transit Score - 61 Bike Score - 100

Highlights

  • Brand-New Ground-Up ADUs: Addition of two newly constructed rear ADUs enhances both rental income potential and long-term asset value
  • Complete Studs-Down Renovation: Property was fully rebuilt with all new electrical, plumbing, roof, and windows, significantly reducing future capital expenditure needs
  • 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
  • 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
  • Strong In-Place Income: Average rents exceeding $4,200/month per unit supported by consistent demand from UC Berkeley students and commuters
  • Turnkey Investment Opportunity: This extensively upgraded asset in a high-demand Berkeley rental market offers strong cash flow with minimal deferred maintenance

Contacts

Jatin Mehta

Kite Hill Real Estate

Location

Located at 3411 Adeline St, Berkeley, CA 94703, this property is part of the Santa Fe neighborhood and Bay Area market.

Contact Listing Broker
Jatin Mehta

Kite Hill Real Estate

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.