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1039 Channing Way, Berkeley, CA 94710
Priced at Only: $1,550,000
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Address: 1039 Channing Way, Berkeley, CA 94710
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  • MLS#: 41123157 ( Quadruplex )
  • Street Address: 1039 Channing Way
  • Viewed: 1
  • Price: $1,550,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1927
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: ALAMEDA
  • City: Berkeley
  • Zipcode: 94710
  • Subdivision: Berkeley
  • Provided by: Kite Hill Real Estate
  • Contact: Jatin Jatin
  • California Regional MLS IDX
  • DMCA Notice
  • 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 $11,000 per month (including RUBS), translating to an attractive 5.62% cap rate and 11.74 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 Berkeleys 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.
Features
Association Fee
  1. 0.00
Construction Materials
  1. Stucco
Cooling
  1. See Remarks
Days On Market
  1. 11
Flooring
  1. Wood
Heating
  1. Natural Gas
Parcel Number
  1. 56193319
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemkey
  1. 41123157:BMLS
Subdivision Name Other
  1. BERKELEY
Tenant Pays
  1. Gas
Year Built
  1. 1927
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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