Adeline Street — Berkeley

This Berkeley opportunity consisted of two adjacent buildings that had been under single ownership for decades. Both properties suffered from deferred maintenance and outdated unit finishes, with rents significantly below market for the neighborhood.

Blok Capital acquired both buildings together, enabling unified management and renovation planning. Our in-house team executed targeted upgrades across all 6 units, including modernized kitchens, updated bathrooms, and refreshed common areas—all at approximately 35% below market contractor costs.

The repositioned properties now command market-rate rents while maintaining strong occupancy. The two-building structure provides operational efficiencies and positions the assets for long-term value creation in Berkeley's growing rental market.