2490 Channing Way - Apartments FOR SALE
Berkeley, CA 94704 |
2490 Channing Way
Berkeley, CA 94704
HIGHLIGHTS
- Steps From UC Berkeley, The Number 1 Public University in the World
- No City of Berkeley Rent Control - Rent Per Bed Execution Is the Market Norm and Allows For Stable Occupancy
- Telegraph Commons Provides Major Discount to Market With Huge Opportunity for Rental Income Upside
- Potential For Operational Upside That Will Lead To Increased Net Operating Income With Little Investment
- Tenants have Convenient Access to All Public Transportation Options While also Being Located in the Amenity Rich Southside Neighborhood
- Major Building Improvements Completed On All Residential Floors In 2020/2021
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
120 Bed Student Housing Investment Near CAL
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Apartments
TOTAL BUILDING SIZE
34500
STORIES
5
YEAR BUILT
1923
PARKING SPACES
10
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
055-1880-001-00
