Property Details
About this Property
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.
MLS Listing Information
MLS #
EB41123157
MLS Source
Bridge MLS
Days on Site
5
Interior Features
Flooring
Wood
Cooling
Other
Heating
Gas
Exterior Features
Roof
Other
Parking, School, and Other Information
Garage/Parking
Tandem Parking, Garage: Car(s)
Sewer
Public Sewer
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 710 | 1 | 0/0 | – |
| 2 | 710 | 1 | 0/0 | – |
| 3 | 350 | 1 | 0/0 | – |
| 4 | 900 | 2 | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1039 Channing Way is a Residential Income in Berkeley, CA 94710. This 2,730 square foot property sits on a 4,000 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,550,000 and was built in 1927. This address can also be written as 1039 Channing Way, Berkeley, CA 94710.
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This listing information is up-to-date as of February 06, 2026. For the most current information, please contact Jatin Mehta, (510) 878-6800
