About This Home
This 0-bedroom, 0-bathroom residential multi family at 2214 Channing Way in Berkeley, CA is listed for $995,000 ($342 per sqft). Built in 1905, the home offers 2,909 sqft of living space on a 0.10 acres lot.
Key Features
- Built in 1905
- 0.10 acre lot
- 1 parking spaces
Property Details
Amenities
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.
Monthly Cost Estimate
$5,321/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2214 Channing Way
Berkeley, CA 94704
BERKELEY CENTRAL
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 2214 Channing Way is listed at $995,000 ($342/sqft). The estimated monthly payment is $5,321 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1905, 0.10 acre lot, 1 parking spaces. Exterior Features: Garden.
This property is listed by Joey Wang and can be reached at 5105925554.