2214 Channing WayBerkeley, CA 94704
BERKELEY CENTRAL · Alameda County
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.
Property Information
- Property type
- Residential Income
- Year built
- 1905
- Lot size
- 0.10 acres
- Parking spaces
- 1
- Zoning
- R-3
- Days on market
- 55
- MLS® Listing#
- 41147827
Property Features
- Appliances
- Gas Water Heater
- Cooling
- None
- Heating
- Floor Furnace
- Construction
- Wood Siding
- Roof
- Shingle
- Parcel number
- 55188826
Directions
Cross Street: Fulton St.
Listing Courtesy: Keller Williams Realty - 9259342900
Presented by: Joey Wang
Licensed in the state of California.
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