1039 Channing Way, Berkeley, CA 94710
- Sqft
- 2,730
View property features, location on map, relevant school information and overview from seller's agent.
- 3
- 0
Overview
To access the marketing package copy/paste: https://bit.ly/kitehillre. This exceptional Southwest Berkeley property offers a highly desirable unit mix consisting of one 2BD/1BA, one 1BD/1BA with office, one 1BD/1BA, and a private detached 1BD/1BA cottage. The layout provides flexibility for both investors and owner-users, with two units delivered vacant, allowing for immediate occupancy or repositioning. The property generates strong in-place income of $12,095 per month est (including RUBS), translating to an attractive 6.43% cap rate and 10.68 GRM. With quality renovations already completed and stable cash flow in place, the asset offers both current income and long-term appreciation potential in one of Berkeley’s most sought-after neighborhoods. All units have been fully remodeled and the property has undergone a completed seismic retrofit, along with upgrades to central heating, plumbing, and electrical systems. A new boiler further enhances operational efficiency and minimizes near-term capital expenditure concerns. Residents enjoy secure and well-maintained amenities, including coded gate and individual unit entry, on-site laundry facilities, bicycle storage, and a one-car garage.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 2,730
- Lot size (acres)
- 0.09
- Year built
- 1927
Utilities
- Heating
- Natural gas
- Cooling
- Other
Public schools
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Sourced from: Bay East Association of REALTORS MLS®#: 41123157 Last checked: …
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