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1544 Channing Way
Berkeley, CA 94703
1544-1548 Channing Way · Multifamily Property For Sale
·
3 Units
Investment Highlights
- 2-bedroom-plus-flex layouts with two baths and garages— a configuration rarely found in Berkeley triplex inventory.
- Move into the vacant updated unit with two leased units offsetting the mortgage from day one.
- Blocks from UC Berkeley, with year-round demand from students, faculty, and staff.
Executive Summary
1544 Channing Way is a 1931 Spanish Revival triplex on one of Berkeley's quietest bicycle boulevards, blocks from UC Berkeley. Three side-by-side two-level units at approximately 1,241 sq ft each, with 2-bedroom-plus-flex layouts, two baths, walk-in closets, balconies, and individual attached garages. Updated interiors feature quartz-style kitchens, hardwood floors, skylights, and fresh paint inside a distinctive period exterior with stepped parapet and terra cotta detailing. Fully separately metered — gas, electric, and water — with in-unit laundry in all three units. One vacant, two leased at approximately $4,800/month combined. Move-in ready for an owner-occupier or first-time multifamily investor seeking day-one income in a supply-constrained Berkeley submarket. Two-level units, separate utilities, and three private garages rarely come together at this price. Offered at $1,150,000 — roughly $309/SF.
TRANSPARENT PRICE. Unit 1548 is vacant and can be shown via Calendly.
Contact Joey at joey.wang@loremultifamily.com with questions.
For the offering memorandum and inspection reports, go to https://www.loremultifamily.forsale
Offers are due on Tuesday, 6/2 at noon.
Disclaimer: The photos in this listing have been digitally enhanced.
TRANSPARENT PRICE. Unit 1548 is vacant and can be shown via Calendly.
Contact Joey at joey.wang@loremultifamily.com with questions.
For the offering memorandum and inspection reports, go to https://www.loremultifamily.forsale
Offers are due on Tuesday, 6/2 at noon.
Disclaimer: The photos in this listing have been digitally enhanced.
Property Facts
| Price Per Unit | $383,333 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 3,699 SF |
| Cap Rate | 4.60% | Average Occupancy | 67% |
| Gross Rent Multiplier | 11.7 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1931 |
| Property Type | Multifamily | Parking Ratio | 0.81/1,000 SF |
| Price Per Unit | $383,333 |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| Gross Rent Multiplier | 11.7 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.08 AC |
| Building Size | 3,699 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1931 |
| Parking Ratio | 0.81/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $2,885 | 1,108 - 1,241 |
Property Taxes
| Parcel Number | 055-1913-038-00 | Improvements Assessment | $165,492 |
| Land Assessment | $48,790 | Total Assessment | $214,282 |
Property Taxes
Parcel Number
055-1913-038-00
Land Assessment
$48,790
Improvements Assessment
$165,492
Total Assessment
$214,282
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