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1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
1039 Channing Way
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$1,500,000

1039 Channing Way

2,730 Sq.Ft. 4,000 Sq.Ft.

Description

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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Location

1039 Channing Way, Berkeley, CA 94710

Status

Sold
Jatin Mehta

Jatin Mehta

TITLE

Founder

Property Amenities

Interior
Flooring Wood
Area & Lot
Total area 2,730 Sq.Ft.
Lot Area 4,000 Sq.Ft.
Living area 2,730 Sq.Ft.
MLS® ID 41123157
Year Built 1927
Type Multi-Family
Status Sold
Exterior
Air conditioning Other
Heat type Natural Gas
Parking Tandem
Lot Features Rectangular Lot, Paved
Finance
Sales Price $1,500,000

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