1039 Channing Way, Berkeley, CA 94710
Local realty services provided by:CENTURY 21 Sierra Properties
1039 Channing Way,Berkeley, CA 94710
$1,550,000
- - Beds
- - Baths
- 2,730 sq. ft.
- Multi-family
- Active
Listed by: jatin mehta
Office: kite hill real estate
MLS#:41123157
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,550,000
- Price per sq. ft.:$567.77
About this home
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....
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Home facts
- Year built:1927
- Listing ID #:41123157
- Added:57 day(s) ago
- Updated:April 04, 2026 at 02:36 PM
Rooms and interior
- Flooring:Wood
- Living area:2,730 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1927
- Building area:2,730 sq. ft.
- Lot area:0.09 Acres
- Lot Features:Paved
- Architectural Style:Quadruplex
- Construction Materials:Stucco
- Exterior Features:Paved
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$567.77
Parking
- Parking description:Tandem
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