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1039 Channing Way

Berkeley, CA 94710
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Bed 5

Bed

Bath 4

Bath

SqFt4,000

Sqft(Lot)

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 t he 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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,550,000

AD Id : 75068123

MLS Id : 41123157

Beds : 5

Lot Size : 4,000 Sqft

Year Built : 1927

County : Alameda

Subdivision: Fallbrook

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Feature Features

  • Bathroom Information

    Total Baths: 0

    Water/Sewer

    Sewer: Public Sewer
  • Interior Features

    Flooring: Wood
  • Cooling Features

    See Remarks Air Conditioning

    Heating Source

    Natural Gas Has Heating

  • Building Information

    Year Built: 1927 Construction: Stucco

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0918
  • Lot Size Source: Public Records Lot Size Square Feet: 4000

  • Listing Price Information

    Original List Price: 1,550,000 Listing Contract Date: 2026-02-05

  • Tax Information

    Parcel Number: 56193319

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: Directions: Google Maps Cross Street: San Pablo Ave. Source Property Type: Residential Income Property SubType: Quadruplex
  • Building and Construction

    Property Age: 99 Structure Type: Quadruplex Year Built Source: Vendor Enhanced
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
8th Street, Berkeley, CA, 94710 $1,150,800 -- -- 2,025 2,025 SqFt
2220 7th St, Berkeley, CA, 94710 $899,000 4 2 --
2238 7th, Berkeley, CA, 94710 $1,350,000 5 4 --

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ByOwner last updated this listing 04/06/2026 @ 23:14

MLS: 41123157 LISTED BY: Jatin Mehta, Kite Hill Real Estate 855-450-0442 SOURCE: CRMLS

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