2214 Channing Way, Berkeley, CA 94704
2214 Channing Way, Berkeley, CA 94704
2214 Channing Way, Berkeley, CA 94704
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Listed by Joey Wang • Keller Williams Realty • 925-934-2900
$995,000
Est. payment /mo
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2,909 SqFt
New

2214 Channing Way Berkeley, CA 94704

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,909 sqft

Price per Sqft $342

Subdivision Berkeley Central

MLS Listing ID 41147827

HOA Y/N No

Year Built 1905

Lot Size 4,500 Sqft

Property Sub-Type 5 or More Units

Source Bridge AOR

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

Interior

Heating Floor Furnace

Cooling None

Flooring Hardwood, Tile, Vinyl, Carpet

Fireplace No

Building

Lot Description Paved

Water Public

Others

Special Listing Condition Standard

Bay East Association of Realtors
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Max Manatt

Max Manatt

Agent License ID: 01957416

+1(925) 980-3375

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