2214 Channing Way, Berkeley, CA 94704
2214 Channing Way, Berkeley, CA 94704
2214 Channing Way, Berkeley, CA 94704
2214 Channing Way, Berkeley, CA 94704
2214 Channing Way, Berkeley, CA 94704
2214 Channing Way, Berkeley, CA 94704
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Jessamine Walker

Jessamine Walker

+1(949) 241-2927
$ 995,000
Est. payment | /mo

4,499 Sqft Lot

Save
$ 995,000
Est. payment | /mo
Save

4,499 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Pending

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Joey Wang Keller Williams Realty #01890931

Nearby Locations

Jessamine Walker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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2214 Channing Way

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