2490 Channing Way | Berkeley, CA 94704
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- LoopNet Team
2490 Channing Way
Berkeley, CA 94704
120 Bed Student Housing Investment Near CAL · Multifamily Property For Sale
·
64 Units
INVESTMENT HIGHLIGHTS
- Steps From UC Berkeley, The Number 1 Public University in the World
- Telegraph Commons Provides Major Discount to Market With Huge Opportunity for Rental Income Upside
- Tenants have Convenient Access to All Public Transportation Options While also Being Located in the Amenity Rich Southside Neighborhood
- No City of Berkeley Rent Control - Rent Per Bed Execution Is the Market Norm and Allows For Stable Occupancy
- Potential For Operational Upside That Will Lead To Increased Net Operating Income With Little Investment
- Major Building Improvements Completed On All Residential Floors In 2020/2021
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Freezer
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Furnished Units Available
- On-Site Retail
- Vintage Building
- Wi-Fi
- Community-Wide WiFi
- Elevator
- Lounge
- Multi Use Room
- Online Services
- Public Transportation
- Roommate Matching
- Walk To Campus
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+0 | 16 | - | 1 |
| 3+0 | 8 | - | 1 |
PROPERTY TAXES
| Parcel Number | 055-1880-001-00 | Improvements Assessment | $20,594,718 |
| Land Assessment | $8,193,150 | Total Assessment | $28,885,863 |
PROPERTY TAXES
Parcel Number
055-1880-001-00
Land Assessment
$8,193,150
Improvements Assessment
$20,594,718
Total Assessment
$28,885,863
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