$1,500,000
$1,550,000
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1039 Channing Way Berkeley, CA 94710
2,730 SqFt
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,730 sqft
Price per Sqft $549
Subdivision Berkeley
MLS Listing ID 41123157
Sold Date 04/16/26
HOA Y/N No
Year Built 1927
Lot Size 4,000 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property 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.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling Other
Flooring Wood
Fireplace No
Building
Lot Description Rectangular Lot, Paved
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