10
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$995,000
Est. payment /mo
4,499 Sqft Lot
New
2214 Channing Way Berkeley, CA 94704
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Berkeley Central
MLS Listing ID 41147827
HOA Y/N No
Year Built 1905
Lot Size 4,499 Sqft
Property Description
Two blocks to Cal. One block to Shattuck. Seven residential units plus a separate office space, fully occupied, in a 1905 Colonial Revival on a 4,500 SF lot. Six studios and one two-bedroom — private units in a submarket where shared houses dominate. $167,520 annualized gross income against a $1,100,000 asking price: a 7.8% cap at a 6.6 GRM going in, 9.7% and 5.6 at market as units turn. Two Berkeley Housing Authority tenancies pay roughly $3,387 monthly direct. Landlord carries all utilities across a master-metered building. A three-car tandem driveway sits unleased, the basement holds unallocated storage, and there is no laundry on site — three revenue lines absent from the rent roll. The parcel sits inside a Tier 1 transit zone and a campus development zone. $157,000 per unit, two blocks from the UC Berkeley campus.
Location
State CA
County Alameda
Zoning R-3
Interior
Heating Floor Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Shingle
Total Parking Spaces 1
Others
Tax ID 55188826
Listed by Joey Wang Keller Williams Realty #01890931
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