Exceptional Multi-Property Investment Opportunity in Central Berkeley
Located in the highly sought-after Central Berkeley neighborhood, 1616 Channing Way offers a fantastic multi-family investment with a 4-unit apartment building spanning 2,701 square feet of total living space. All 4 units consist of 2 bedroom and 1 bathroom. This well-maintained property includes 4 parking spaces and a separate laundry room, ensuring both convenience and functionality for tenants. With a solid investment history, this property is perfect for those seeking steady rental income in a prime Berkeley location, just moments from Berkeley’s vibrant shops, restaurants, public transit, and top-tier schools, making it an ideal choice for investors or buyers looking to capitalize on the high demand in this popular area.
Don’t miss out on this rare opportunity in the heart of Berkeley! Schedule a showing today!
INVESTMENT HIGHLIGHTS
Capital Improvements: Recently Updated Roof
Income Potential: Gross Rent Multiplier (GRM) of 14.95
Central Berkeley is a vibrant and historic neighborhood in North Berkeley, California, known for its rich culinary scene, cultural diversity, and eclectic mix of old and new. The property is within 1 mile of the UC Berkeley campus. With the proximity of ther estaurants, shops, public transportation and campus, it’s an attractive location for its residents.
I was born in San Francisco and raised on the Peninsula. Being able to call the Bay Area my home is a dream in itself. I know and love the Bay Area.
A few years ago, I bought my dream home in Pacifica with my wife and together we started a family. Today, we are raising our sons and dog in this beautiful community and we couldn’t imagine living anywhere else. In addition to the nice beaches and gorgeous sunsets, there are a large number of incredible hiking trails all along the coast, breathtaking landscapes, places to fish and amazing surf spots. And who doesn’t love the smell of fresh air from the coastal breeze? Protected by mountains on one side and the great Pacific Ocean on the other. Less than 20 minutes from San Francisco yet once here, it feels like you are secluded from the hustle and bustle of city life.
Ever since I can remember, I’ve always had a genuine interest in hearing about other people’s dreams and helping them brainstorm ideas in hopes of seeing one of them turn into a reality. It doesn’t get much better than watching someone’s dream come true. I view real estate in the same way and by focusing on my clients’ goals, I can ensure that I’ve played an integral role in helping them achieve them. So if buying a home or an investment property has been a dream of yours, let me help you turn that into reality.
Chris gave us 200% attention to help us get our dream home. He also guided us in every direction to help us sell our old house. Due to COVID-19 things was hard but chris made it easier. Set up appointment for photo shoot. He staged the house with a 3D program. He made sure he disinfect the house after showing the house to buyers We are still in contact to help us with our house.
-Ian & Jessica
Chris is an amazing realtor to have on your side while looking around the Peninsula and San Francisco. For us, we loved the fact that he was very knowledgeable about the neighborhoods that we wanted to be in and that were in our price point. He was friendly, professional and always willing to meet to show us any property that we felt would be a good fit. He always had a professional and honest approach to our chances on bids that we placed on homes which we found comforting, in the stressful and extremely competitive real estate climate that we were in. As a result of Chris's tireless work ethic and energy we ended up in our desired neighborhood in a home that we are proud to own and it was because of Chris that our homeowner dreams came true.
-RK Wilson
Best selling experience! Chris Yuen is a true professional and was a huge asset to us throughout the entire sales process. His knowledge and expertise of the market allowed us to get the most on the sale of our property. He was always available to answer questions and guide us through every step. I highly recommend Chris for any real estate transaction.
-Chris S.
We would absolutely recommend Chris Yuen of Perisson Real Estate. Chris is extremely knowledgeable about the bay area real estate market and knows the Peninsula well. He was very professional, patient, and easy to work with. Chris did not pressure us into anything that made us uncomfortable and was willing to explore whatever scenarios we presented. Ultimately we landed on not selling our condo and keeping it as an investment property. He helped us find a great loan officer at Wells Fargo to help us with our specific situation. Once we got pre-approved, Chris was very diligent in helping us find the perfect home. He was honest about his opinion on homes we looked at and did not pressure us to submit offers we were uncomfortable with. He was patient and took the time to understand what we were looking for in a home, what was on our list of must haves and what we could live without. He probably knew this better than we did. Once we did finally have an offer accepted, Chris was really good about inspecting the home and pointing things out to us that we would otherwise have overlooked. He also negotiated well with the other agent and got quite a few things fixed for us during escrow. We couldn’t be happier with the level of service Chris provided us and even felt sad to no longer be house hunting with him! If you’re looking for an agent, we would 100% recommend Chris Yuen!
-Jen Khov
Chris was able to guide us through this very tough Bay Area housing market. The entire process can be overwhelming. He went far beyond as our agent during the offer process for our house, which happened during the birth of his 2nd child. He kept us updated, prepared, and strategized our next steps. Born and raised on the Peninsula, he has extensive knowledge of the Bay Area. He is very professional and provides great insight on details of homes that we may have overlooked. Highly recommended.
-Pete Chao
Chris did an amazing job with my rental unit. As an effective communicator, he was responsive to questions and thoroughly explained the steps beforehand to ensure I was aware of the process. With industry resources and extensive knowledge, he prepared the unit, advertised and hosted the open house, screened potential renters, and signed the tenants. He is naturally personable while maintaining a high level of professionalism and I’d recommend him to others.
- Christina C.
Chris has been a pleasure to work with. He shows professionalism, knowledge and detail with his work, I would recommend him.
-Dave L.
I’ve been working with Chris for over 10 years now. He’s a trusted advisor, professional and partner. Chris has helped me with my projects from conception to reality. I’ve relied on him as a problem solver with advice to make things happen. If you’ve got a dream, count on Chris to make it a real.
1616 Channing Way
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