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Multifamily

939 Channing Way

939 Channing Way, Berkeley, CA 94710

Listing Price: $1,475,000

Cap Rate
6.07%
Number of Units
6
GRM
8.26
Occupancy
98.0%
Price/Unit
$245,833
Price/Gross SF
$403.34
Gross SF
3,657

Investment Overview

939 Channing Way in Berkeley, CA, presents a rare opportunity for investors seeking a well-maintained asset in a great location. The property comprises one upgraded 2-Bed/1-Bath and (5) one-bedroom units, thoughtfully renovated to provide modern amenities with high-quality finishes. These upgrades, along with superior parking amenities, ensure that the property remains competitive in the rental market.

Berkeley is widely recognized as one of the most desirable locations in the San Francisco Bay Area. Known for its vibrant culture, world-class educational institutions, and thriving culinary and arts scenes, Berkeley
attracts a diverse population of students, professionals, and families. The city’s proximity to major tech hubs, excellent public transportation, and scenic outdoor spaces only add to its allure. This demand for housing in
Berkeley continues to drive rental prices upward, making it a prime location for real estate investment.

Investment Highlights

  • Ideal unit mix of (5) 1-Bed/1-Bath units
  • Two units have been renovated with vinyl plank flooring, new cabinets, quartz countertops, stainless steel appliances, and in-unit washer/dryer
  • Brand new roof, windows, & paint
  • Three blocks from the 4th Street shopping district, offering nearby popular retailers, restaurants, and everyday conveniences
  • 93 Walk Score and 95 Bike Score, allowing daily errands, dining, and neighborhood amenities to be easily accomplished on foot or by bike

Exclusively Listed By

Multifamily

939 Channing Way

Listing Price: $1,475,000

Cap Rate
6.07%
Number of Units
6
GRM
8.26
Occupancy
98.0%
Price/Unit
$245,833
Price/Gross SF
$403.34
Gross SF
3,657

Investment Highlights

  • Ideal unit mix of (5) 1-Bed/1-Bath units
  • Two units have been renovated with vinyl plank flooring, new cabinets, quartz countertops, stainless steel appliances, and in-unit washer/dryer
  • Brand new roof, windows, & paint
  • Three blocks from the 4th Street shopping district, offering nearby popular retailers, restaurants, and everyday conveniences
  • 93 Walk Score and 95 Bike Score, allowing daily errands, dining, and neighborhood amenities to be easily accomplished on foot or by bike

Investment Overview

939 Channing Way in Berkeley, CA, presents a rare opportunity for investors seeking a well-maintained asset in a great location. The property comprises one upgraded 2-Bed/1-Bath and (5) one-bedroom units, thoughtfully renovated to provide modern amenities with high-quality finishes. These upgrades, along with superior parking amenities, ensure that the property remains competitive in the rental market. Berkeley is widely recognized as one of the most desirable locations in the San Francisco Bay Area. Known for its vibrant culture, world-class educational institutions, and thriving culinary and arts scenes, Berkeley attracts a diverse population of students, professionals, and families. The city’s proximity to major tech hubs, excellent public transportation, and scenic outdoor spaces only add to its allure. This demand for housing in Berkeley continues to drive rental prices upward, making it a prime location for real estate investment.

Exclusively Listed By

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