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835 Channing Way 14 Unit Apartment Building $4,447,625 CAD ($317,687 CAD/Unit) 5.50% Cap Rate Berkeley, CA 94710
Investment Highlights
- Rare West Berkeley multifamily compound hitting the market for the first time in 35 years.
- Units have undergone tasteful renovations over time, preserving quality and tenant appeal.
- Prime location near Fourth Street shops, dining, and immediate access to I-80.
- Three separate buildings across nearly half an acre, providing diverse unit mix and operational versatility.
- Approximately 30% rental upside, supporting a compelling value-add strategy.
Executive Summary
On the market for the first time in nearly 35 years, this well-maintained West Berkeley multifamily compound offers an exceptional investment opportunity. The property spans almost half an acre and consists of three separate structures with individual addresses, totaling 14 units across 10,968 square feet of building area. Unit mix includes large two-bedroom and one-bedroom configurations, with six units located at 835 Channing Way, including five two-bedroom/one-bath units and one three-bedroom/one-bath unit. Additional buildings include four two-bedroom/one-bath units on-site and four more at adjacent addresses.
Current ownership has demonstrated pride of care, maintaining the property to a high standard and tastefully renovating units upon turnover. This rare offering features approximately 30% upside in rental income, allowing new ownership to capitalize on Berkeley’s strong rental demand. Priced at $3,250,000 with a competitive CAP rate of 5.5%, GRM of 9.75, and priced at $232K per door, this asset delivers solid in-place performance with significant growth potential for value-add investors.
Current ownership has demonstrated pride of care, maintaining the property to a high standard and tastefully renovating units upon turnover. This rare offering features approximately 30% upside in rental income, allowing new ownership to capitalize on Berkeley’s strong rental demand. Priced at $3,250,000 with a competitive CAP rate of 5.5%, GRM of 9.75, and priced at $232K per door, this asset delivers solid in-place performance with significant growth potential for value-add investors.
Property Facts
| Price | $4,447,625 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $317,687 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 5.50% | Building Size | 10,968 SF |
| Gross Rent Multiplier | 9.75 | No. Stories | 3 |
| No. Units | 14 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 1.28/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-2 - Medium Density Residential | ||
| Price | $4,447,625 CAD |
| Price Per Unit | $317,687 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 9.75 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 10,968 SF |
| No. Stories | 3 |
| Year Built | 1955 |
| Parking Ratio | 1.28/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-2 - Medium Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
| 3+1 | 1 | - | - |
| 2+2 | 4 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Very bikeable
80/100
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835 Channing Way
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