Berkeley Spanish Revival
1544 Channing Way Berkeley, CA 94703
1544 Channing Way, Berkeley, CA, 94703
$1,150,000
Pending
For Sale
$1,150,000
Pending
Updated triplex near UC Berkeley with income potential.
Property Size3,723 SF
Days on Market66
Property Features for 1544 Channing Way
General Information
- Standard status
- Pending
- Size
- 3,723 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1931
Listing Agency
Keller Williams Realty Walnut Creek
(510) 592-5554
Listed by
Joey Wang · License #01890931
(510) 592-5554
Source
Elliman
Added: May 15 Checked: Jul 17 at 3:19 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
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.
