1039 Channing Way, Berkeley, California 94710, Berkeley, 94710 - bed, bath

1039 Channing Way
Berkeley, California 94710
Property Price
SUMMARY
Analysis of 1039 Channing Way, Berkeley, California 94710 is currently available with a list price of $1,550,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Berkeley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1927, the property has undergone extensive recent renovations within the last 5 years. All four units feature fully remodeled interiors with modern kitchens (stainless steel appliances, stone countertops, shaker cabinetry), updated bathrooms with contemporary tiling and fixtures, and new flooring throughout. Significant capital improvements include a completed seismic retrofit and comprehensive upgrades to the electrical, plumbing, and central heating systems, bringing the property up to modern quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Unit Mix
The property features a diverse mix including a detached cottage and a unit with an office, with two units delivered vacant for immediate owner-occupancy or market-rate leasing.
- Strong Financial Performance
With a 5.62% cap rate and $11,000 in monthly gross income, the asset offers robust cash flow and an attractive 11.74 GRM for the Berkeley investment market.
- Comprehensive Infrastructure Upgrades
The building has undergone a full seismic retrofit and significant system upgrades, including new plumbing, electrical, central heating, and a high-efficiency boiler.
CONSRISKS & DEFICIENCIES
- Limited On-Site Parking
The property provides only a one-car garage for four units, which may be a significant drawback for tenants in a neighborhood where street parking is often competitive.
- Compact Lot Size
At 4,000 square feet, the lot is relatively small for a quadruplex, potentially limiting private outdoor space for individual units or future expansion.
- Vintage Structural Age
Despite extensive modernizations, the 1927 construction date means the property may still require the ongoing maintenance typical of century-old Berkeley structures.
About 1039 Channing Way
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 $11,250 per month (including RUBS), translating to an attractive 6.06% cap rate and 11.14 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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1927
- Lot Size
- 4,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Berkeley Unified Schools
Washington Elementary School
Grades K-5 • 1.0 mi
Jefferson Elementary School
Grades K-5 • 1.1 mi
Malcolm X Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,730 | - | 67% |
| Lot Size | 4,000 | 4,000 | 50% |
| Price | $1.55M | $1.44M | 67% |
| Price per sq ft | $568 | $0 | 67% |
| Built year | 1927 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 123 | 33% |
Pricing History
Listed for Sale
Feb 5, 2026
$1,550,000
Initial Listing
Sold
May 18, 2022
$1,487,000
Public Record
Sold
Mar 9, 2009
$480,000
Public Record
Sold
Aug 21, 2006
$850,000
Public Record
Sold
Dec 26, 2003
$420,000
Public Record
























