1039 Channing Way, Berkeley, CA 94710
Fourplex · 2 recorded sales since 2022
Sold April 2026
Listing Agent: Jatin Mehta (DRE #02045713) · Listing Office: Kite Hill Real Estate · Contact: 855-450-0442 · Bought with: Monica Chung · Andersen, Jung & Co · MLS #41123157 · Source: CRMLS
About this fourplex
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.
Listing description from the April 2026 sale, as reported to CRMLS.
Sale history
