939 Channing way - Apartments FOR SALE


Berkeley, CA 94710
$1,275,000 USD
510-384-1417
939 Channing way, Berkeley, CA for Sale
$1,275,000 USD
Apartments - FOR SALE
1/7
null | 5.45% Cap Rate

939 Channing way
Berkeley, CA 94710


HIGHLIGHTS

  • Ideal unit mix of (1) Studio & (5) 1Bed/1Bath units
  • Off-street parking for all units
  • Near 4th St Shops & Restaurants
  • Near major highways
  • Value-add opportunity

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 studio unit and five one-bedroom units, each thoughtfully renovated to provide modern amenities with high-quality finishes. These upgrades 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. The property’s location in such a coveted area significantly enhances its value and investment potential. With Berkeley’s strong rental demand and limited housing supply, this property is well-positioned to provide consistent returns. Its desirable location, combined with the recent upgrades and superior parking amenities, ensures that it will remain attractive to tenants for years to come, offering investors both stability and growth in a competitive market.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

6

PRICE/UNIT

$212,500

CAP RATE

5.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Emil JellinekMarcus & MillichapMore Info
510-384-1417

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Emil JellinekMarcus & MillichapMore Info
510-384-1417

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.