Berkeley Triplex with Spanish
1544 Channing Way, Berkeley, CA 94703
MULTI_FAMILY - Berkeley, CA
Property size:
3,699 SFLot size:
0.08 AcresPrice / SF:
$310/SF- Added:
- May 13, 2026
- Days on Market:
- 21
- Last Refresh:
- Jun 2 at 5:06 pm
Property Features for 1544 Channing Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 6
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Basement, Bedroom 6, Bedroom 1
- Parking features
- Garage, Off Street
- Exterior features
- Front Yard, Side Yard
- Appliances
- Dryer, Washer, Gas Water Heater
- Standard status
- Active
- APN
- 55191338
- Size
- 3,699 SF
- Lot size
- 0.08 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Year built
- 1931
- Flooring type
- Tile, Vinyl, Hardwood, Carpet
- Building materials
- Stucco
Listing agent Joey Wang (510) 592-5554
Listing office Keller Williams Realty 201 N Civic Drive, Suite 130, Walnut Creek, CA (925) 934-2900
Listing date May 13, 2026
MLS# 41134520
Listing URL
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Delivered vacant unit allows for immediate owner occupancy or market‑rate rental.
- Two leased units provide immediate income (approximately $4,800/month combined).
- Each unit features a 2‑bedroom‑plus‑flex layout with two baths, walk‑in closets, balconies, and in‑unit laundry.
- Individual attached garages for each unit.
- Updated interiors with quartz‑style kitchens, hardwood floors, and skylights.
- Fully separately metered utilities (gas, electric, and water) for each unit.
Overview
The property at 1544 Channing Way is a 1931 Spanish Revival triplex situated on a quiet bicycle boulevard in Berkeley, a few blocks from UC Berkeley. The building features three side-by-side, two-level units, each approximately 1,241 square feet. Each unit has a 2-bedroom-plus-flex layout, two baths, walk-in closets, balconies, and an individual attached garage. The interiors have been updated with quartz-style kitchens, hardwood floors, skylights, and fresh paint. The exterior retains its period character, with a stepped parapet and terra cotta detailing. Each of the three units is separately metered for gas, electric, and water, and includes in-unit laundry. One unit will be delivered vacant, while the other two are currently leased at approximately $4,800 per month combined. The property is move-in ready, suitable for an owner-occupier or a first-time multifamily investor seeking immediate income in a supply-constrained Berkeley submarket. The lot size is 0.0843 acres. The property's total size is 3,699 square feet. The zoning is R-2.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.5k | $34.20 |
| − Vacancy | −$6.6k | −$1.78 |
| EGI | $119.9k | $32.42 |
| − OpEx | −$36.0k | −$9.73 |
| NOI | $83.9k | $22.70 |
3,699 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,949 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$1.05M
$919.0K – $1.23M
NOI $73,521 @ 7.0% cap · market cap 6.39%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,139 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.279349
- Latitude
- 37.864154
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - 1931 Spanish Revival triplex near UC Berkeley.
Where is this triplex located?
The property is located at 1544 Channing Way Berkeley, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Delivered vacant unit allows for immediate owner occupancy or market‑rate rental.; Two leased units provide immediate income (approximately $4,800/month combined).; Each unit features a 2‑bedroom‑plus‑flex layout with two baths, walk‑in closets, balconies, and in‑unit laundry.
