Berkeley Spanish Revival
1544 Channing Way, Berkeley, CA 94703
Updated triplex near UC Berkeley with income potential.
Type:Investment
Property size:
3,723 SFPrice / SF:
$308/SF- Added:
- May 15, 2026
- Days on Market:
- 19
- Last Refresh:
- May 15 at 8:28 am
Property Features for 1544 Channing Way
General Information
- Standard status
- Active
- Size
- 3,723 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1931
Listing agent Joey Wang (510) 592-5554
Listing office Keller Williams Realty Walnut Creek (510) 592-5554
Listing date May 15, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Walnut Creek
HighLights
- Prime location on a quiet bicycle boulevard, blocks from UC Berkeley (Bike Score: 95, Walk Score: 86, Transit Score: 64).
- Triplex with three spacious (approx. 1,241 sq ft each) two‑level units, each featuring 2‑bedroom‑plus‑flex layouts, two baths, walk‑in closets, and balconies.
- Updated interiors with quartz‑style kitchens, hardwood floors, skylights, and fresh paint.
- Fully separately metered (gas, electric, and water) with in‑unit laundry in all three units.
- Income potential: Two units currently leased at approximately $4,800/month combined; one unit vacant and move‑in ready.
- Individual attached garages for each unit, a rare feature for this type of property.
Overview
Located on a quiet bicycle boulevard near UC Berkeley, 1544 Channing Way is a 1931 Spanish Revival triplex. The property features three side-by-side, two-level units, each approximately 1,241 square feet. Each unit includes 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 fully separately metered for gas, electric, and water, and includes in-unit laundry. One unit is vacant, while the other two are leased at approximately $4,800 per month combined. The property is move-in ready for an owner-occupier or investor seeking immediate income in the Berkeley market. The location has a Bike Score of 95, Walk Score of 86, and Transit Score of 64.
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 | $127.3k | $34.20 |
| − Vacancy | −$6.6k | −$1.78 |
| EGI | $120.7k | $32.42 |
| − OpEx | −$36.2k | −$9.73 |
| NOI | $84.5k | $22.70 |
3,723 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,494 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$1.06M
$925.0K – $1.23M
NOI $73,998 @ 7.0% cap · market cap 6.43%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,789 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Berkeley
- County
- Alameda
- State
- California
- Longitude
- -122.2793274
- Latitude
- 37.8640829
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Updated triplex near UC Berkeley with income potential.
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: Prime location on a quiet bicycle boulevard, blocks from UC Berkeley (Bike Score: 95, Walk Score: 86, Transit Score: 64).; Triplex with three spacious (approx. 1,241 sq ft each) two‑level units, each featuring 2‑bedroom‑plus‑flex layouts, two baths, walk‑in closets, and balconies.; Updated interiors with quartz‑style kitchens, hardwood floors, skylights, and fresh paint.
