2000 Channing Way
Berkeley, CA 94704
Multifamily Property For Sale · 8 Units

The Pinza Group is proud to present another well situated multifamily property in Berkeley. The Channing & Mivlia Apartments consist of two separate parcels-2000 Channing (APN 55-1896-19) and 2407 Milvia (APN: 55-1896-18). The properties in total have 5,300 in rentable square feet on a large, 9,000 square foot lot. Since the properties are on separate parcels, a Buyer may purchase both properties using residential financing with as little as 25% down, at a 30 year fixed rate. This helps the investor avoid rate fluctuations throughout the course of ownership. Both properties are identical, each containing 1bd/1bth units of approximately 660 square that come furnished with everything a student could need, including but not limited to, furniture, silverware, plates, cups, tables, beds and more. There is also free internet for tenants, as well as a free common area washing machines. This setup has allowed the current ownership group to obtain near market rents due to the consistent turnover of students attending UC Berkeley. The property has been well maintained including newer fencing, stairwells/balconies. With modern renovations of new cabinets, counters, flooring, plumbing/electrical, and paint the property could have a 10-20% or more rental increase on each unit. 2000 Channing & 2407 Milvia are situated near south campus only blocks away from UC Berkeley. Due to its close proximity to both UC Berkeley and other amenities, this location is very attractive for students looking to travel only a short distance to campus and professionals requiring an easy commute to San Francisco, Oakland and other large work hubs. CONTACT STEVEN PINZA, ESQ FOR A COMPLETE MARKETING PACKAGE