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1019 Channing Way, Berkeley

Income today, a home of your own tomorrow. 1019 Channing Way delivers $132,982 in gross scheduled income and $92,209 NOI, a 6.61% cap rate at list price, from a lower unit plus an upper level of five individually leased rooms and shared laundry. Berkeley’s 2027 AGA lifts the projected cap rate to 6.85%. The headline, though, is the detached 2+ car garage: reserved for owner use only, not part of any tenancy, and delivered vacant. Under Berkeley Municipal Code Chapter 23.306 a garage may be converted to an ADU within its existing footprint, including nonconformities. Investors get a performing asset with a built in second phase. Owner users get a rare path to creating a private residence at the rear of the lot while the rents carry the property. West Berkeley location steps from San Pablo Avenue, minutes to Fourth Street, Berkeley Bowl West and the freeway. Income and expense summary available. ADU potential to be verified by buyer with City of Berkeley Planning. Shown by appointment; please do not disturb occupants.

Income today, a home of your own tomorrow. 1019 Channing Way delivers $132,982 in gross scheduled income and $92,209 NOI, a 6.61% cap rate at list price, from a lower unit plus an upper level of five individually leased rooms and shared laundry. Berkeley’s 2027 AGA lifts the projected cap rate to 6.85%. The headline, though, is the detached 2+ car garage: reserved for owner use only, not part of any tenancy, and delivered vacant. Under Berkeley Municipal Code Chapter 23.306 a garage may be converted to an ADU within its existing footprint, including nonconformities. Investors get a performing asset with a built in second phase. Owner users get a rare path to creating a private residence at the rear of the lot while the rents carry the property. West Berkeley location steps from San Pablo Avenue, minutes to Fourth Street, Berkeley Bowl West and the freeway. Income and expense summary available. ADU potential to be verified by buyer with City of Berkeley Planning. Shown by appointment; please do not disturb occupants.

1019 Channing Way, Berkeley

Listing courtesy of Perry Gastis from Bridges 8 Real Property Sales & Management Inc. 510-833-8524

3302 California St, Berkeley

Excellent investment opportunity in the heart of Berkeley! This well-maintained seven-unit apartment building at 3302 California Street offers investors the rare chance to own a multi-family property in one of the East Bay’s most desirable rental markets. Ideally located near shopping, restaurants, public transportation, and UC Berkeley, the property benefits from strong rental demand and long-term appreciation potential. Whether you’re looking to expand your investment portfolio or complete a 1031 exchange, this property offers stable income with significant upside in a prime Berkeley location. Don’t miss this opportunity to own a quality income-producing asset in a highly sought-after neighborhood.

Excellent investment opportunity in the heart of Berkeley! This well-maintained seven-unit apartment building at 3302 California Street offers investors the rare chance to own a multi-family property in one of the East Bay’s most desirable rental markets. Ideally located near shopping, restaurants, public transportation, and UC Berkeley, the property benefits from strong rental demand and long-term appreciation potential. Whether you’re looking to expand your investment portfolio or complete a 1031 exchange, this property offers stable income with significant upside in a prime Berkeley location. Don’t miss this opportunity to own a quality income-producing asset in a highly sought-after neighborhood.

3302 California St, Berkeley

Listing courtesy of Tracy Zhou from Golden Gate Sotheby's International Realty. 415-503-7363

Bay East © 2026. CCAR © 2026. BridgeMLS © 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on:

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