2214 Channing WAY, Berkeley, CA 94704
2214 Channing WAY, Berkeley, CA 94704
2214 Channing WAY, Berkeley, CA 94704
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Joey Wang, DRE #01890931 • Keller Williams Realty
$995,000
Est. payment /mo
2 Beds
2 Baths
2,909 SqFt
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Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,909 sqft

Price per Sqft $342

MLS Listing ID EB41147827

Bedrooms 2

Year Built 1905

Lot Size 4,500 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

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

Area Berkeley Map Area 9

Zoning R-3

Interior

Cooling None

Flooring Tile, Vinyl, Carpet - Wall to Wall, Hardwood

Exterior

Exterior Feature Wood Shingles, Siding - Wood , Wood Frame

Parking Features Tandem Parking

Garage Spaces 1.0

Roof Type Composition

Building

Water Heater - Gas

Others

Tax ID 55-1888-26

Special Listing Condition New, Not Applicable

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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2214 Channing WAY

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