1039 Channing Way, Berkeley, CA 94710

Berkeley
Local realty services provided by:ERA North Orange County Real Estate
1039 Channing Way,Berkeley, CA 94710
$1,550,000
  • - Beds
  • - Baths
  • 2,730 sq. ft.
  • Multi-family
  • Active
Listed by: jatin mehta(510) 878-6800
Office: kite hill real estate
MLS#:41123157
Source:CAREIL

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...

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Home facts

  • Year built:1927
  • Listing ID #:41123157
  • Added:52 day(s) ago
  • Updated:March 29, 2026 at 04:33 PM

Rooms and interior

  • Flooring:Wood
  • Living area:2,730 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Year built:1927
  • Building area:2,730 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Regular
  • Construction Materials:Stucco
  • Exterior Features:Fenced Yard

Utilities

  • Sewer:Sewer - Public

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$567.77

Parking

  • Parking description:Tandem
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