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1039 Channing Way, Berkeley, CA 94710

Sqft
2,730

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKite Hill Real Estate
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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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