$995,000
 $5,341 est/mo Sourced by Back At You

2214 Channing Way,Berkeley, CA 94704

Berkeley, CA 94704

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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.

Details

MLS #41147827
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1905
Days On Site51
Listing Provided ByKeller Williams Realty | Joey Wang

Features

Units7
ZoningR-3
Acreage0.10

Interior

CoolingNone
HeatingFloor Furnace
Heating Yes / NoYes
Cooling Yes / NoYes
AppliancesGas Water Heater

Exterior

RoofShingle
Construction MaterialsWood Siding

Area Information

StateCA
CountyAlameda
CityBerkeley
Zip Code94704
Community NameBERKELEY CENTRAL
Listing VS Median (in BERKELEY CENTRAL)
Price:
$995,000
low | high
Med:
$690,000
80.653266331658% of Average
On site:
51
low | high
Med:
220
23.181818181818% of Average
Sourced by Back At You

Market Activity 94704

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyAlameda
CityBerkeley
Zip Code94704
Community NameBERKELEY CENTRAL
Listing VS Median (in BERKELEY CENTRAL)
Price:
$995,000
low | high
Med:
$690,000
80.653266331658% of Average
On site:
51
low | high
Med:
220
23.181818181818% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $746K - $1.243M
sqft: 0 - 0
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2801 Fulton St Property Photo 1
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Listing Updated: October 1, 2026 at 5:50:12 PM PDT