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

1039 Channing Way, Berkeley, California 94710 home-pic-0

1039 Channing Way

Berkeley, California 94710

ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,730Sq Ft
4,000Lot Size

Property Price

LIST PRICE$1,550,000

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

Excellent
TeardownExcellent

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

7/10

Jefferson Elementary School

Grades K-5 • 1.1 mi

7/10

Malcolm X Elementary School

Grades K-5 • 1.2 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,730-
67%
Lot Size4,0004,000
50%
Price$1.55M$1.44M
67%
Price per sq ft$568$0
67%
Built year19271927
50%
HOA$0$0
50%
Days on market30123
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

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