835 Channing Way - Apartments FOR SALE


Berkeley, CA 94710- Southwest Berkeley
$3,250,000 USD
415-640-6411
835 Channing Way, Berkeley, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/5
null | 5.5% Cap Rate

835 Channing Way
Berkeley, CA 94710
Southwest Berkeley


HIGHLIGHTS

  • Rare West Berkeley multifamily compound hitting the market for the first time in 35 years.
  • Three separate buildings across nearly half an acre, providing diverse unit mix and operational versatility.
  • Units have undergone tasteful renovations over time, preserving quality and tenant appeal.
  • Approximately 30% rental upside, supporting a compelling value-add strategy.
  • Prime location near Fourth Street shops, dining, and immediate access to I-80.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

14

PRICE/UNIT

$232,143

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1955

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,144 SF

ZONING

R-2

APN/PARCEL ID

056-1941-012-01

ASK ABOUT THIS PROPERTY

Matt TreadwayThe Lapham Company, Inc.More Info
415-640-6411

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Matt TreadwayThe Lapham Company, Inc.More Info
415-640-6411

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