1039 Channing Way, Berkeley, CA 94710
- $1,500,000
- 5
- BD
- 2,730
- SqFt
Listed by Jatin Mehta, (510) 878-6800 from Kite Hill Real Estate
(If provided) CoList: from
Sold listing courtesy of Monica Chung from AAND01
- Sold Price
- $1,500,000
- List Price
- $1,550,000
- Closing Date
- Apr 16, 2026
- MLS#
- EB41123157
- Status
- SOLD
- Sqft. of Residence
- 2,730
- Lot Size
- 4,000
- Listing Area
- Berkeley Map Area 6
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.
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Additional Information
- Acres
- 0.09
- Cooling System
- Other
- Days On Market
- Unknown
- Exterior Features
- Stucco
- Floor Covering
- Wood
- Garage Parking
- Tandem Parking
- Heating System
- Gas
- Living Area
- 2,730
- Lot Description
- Regular
- Lot Size
- 4,000
- Neighborhood
- Berkeley Map Area 6
- Numberof Units
- 4
- Roof
- Other
- Unincorporated Yn
- Yes
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