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939 Channing way 6 Unit Apartment Building $2,080,960 CAD ($346,827 CAD/Unit) 6.07% Cap Rate Berkeley, CA 94710
Investment Highlights
- Ideal unit mix of (5) 1-Bed/1-Bath & (1) 2-Bed/1-Bath unit s
- Brand new roof, windows, & paint
- Building is soft story, SB-271, and E3 compliant
- Two units have been renovated with vinyl plank flooring, new cabinets, quartz countertops, stainless steel appliances, and in-unit washer/dryer
- Three blocks from the 4th Street shopping district, offering nearby popular retailers, restaurants, and everyday conveniences
- 93 Walk Score and 95 Bike Score, allowing daily errands, dining, and neighborhood amenities to be easily accomplished on foot or by bike
Executive Summary
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 2-Bed/1-Bath and (5) one-bedroom units, thoughtfully renovated to provide modern amenities with high-quality finishes. These upgrades, along with superior parking amenities, 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.
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.
Property Facts
| Price | $2,080,960 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $346,827 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.07% | Building Size | 3,426 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 10.21 | Year Built | 1958 |
| No. Units | 6 | Parking Ratio | 1.17/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $2,080,960 CAD |
| Price Per Unit | $346,827 CAD |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.21 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,426 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.17/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Yard
- Lawn
Site Amenities
- Fenced Lot
- Gated
- Smoke Free
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 596 |
| 2+1 | 1 | - | 675 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 056-1937-016-00 | Improvements Assessment | $84,391 CAD |
| Land Assessment | $165,475 CAD | Total Assessment | $249,866 CAD |
Property Taxes
Parcel Number
056-1937-016-00
Land Assessment
$165,475 CAD
Improvements Assessment
$84,391 CAD
Total Assessment
$249,866 CAD
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939 Channing way
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