1039 Channing Way, Berkeley, CA 94710

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 $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 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 Status:

Active

Date Added:

February 5, 2026

Data Last Updated:

February 6, 2026 at 3:17AM

Listing Office:

Kite Hill Real Estate : 855-450-0442

Listing Agent:

Jatin Mehta : 510-878-6800

MLS ID:

41123157

Interior

• Flooring: Wood
• A/C: See Remarks
• Heating: Natural Gas

Exterior

• Parking: Parking spaces: 1

Construction

• General: Stucco

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_BMLS
• County: Alameda

Lot

• Zoning: 56193319

Utilities

• Sewer: Public Sewer

Financial

• Source: CRMLS_BMLS