2214 Channing Way, Berkeley, CA 94704
- $995,000
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- 41147827
- Year Built
- 1905
- Lot Size
- 4,500
- Acres
- 0.10
- Days on Market
- 1
- Property Type
- Multifamily
- Neighborhood
- Berkeley Central
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.
/u.realgeeks.media/southerncaliforniahomesearch/Got_Your_6_Realtor_Logo.png){kind=logo}
Additional Information
- Appliances
- Gas Water Heater
- Heat
- Floor Furnace
- Cooling
- Yes
- Cooling Description
- None
- Exterior Construction
- Wood Siding
- Roof
- Shingle
- Attached Structure
- Detached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $167,520
Listing courtesy of Listing Agent: Joey Wang (joey.wang@loremultifamily.com) from Listing Office: Keller Williams Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.