Multifamily
1019 Channing Way, Berkeley, CA 94710
For Sale
New
$1,395,000
A residential income property with a documented 1905 construction date.
Property Size3,160 SF
Price / SF$441.46
Days on Market2
Property Features for 1019 Channing Way
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Other
Floor Furnace
Garage Faces Side
Building Details
Building Size
Year Built
Listing Agency:
Bridges 8 Real Property Sales & Management Inc
Listed By:
Perry Gastis
(510) 833-8524
Source:
Evrealestate
Added: Nov 12
Last Checked: Nov 12 at 4:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bridges 8 Real Property Sales & Management Inc
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Investment Insights
Based on property information with market context.
This multifamily property was built in 1905 and includes a floor furnace. It is located at 1019 Channing Way in Berkeley, Alameda County, with 10th Street identified as a cross street.
Key Highlights
- Built in 1905
- Floor furnace for heating
- Located at 1019 Channing Way, Berkeley, CA 94710
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,808
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,160
$1.3M
Cap Rate 7%
$897,257
$897.3K
Cap Rate 9%
$697,867
$697.9K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$120.2K $38.04/SF
− Vacancy
−$6.0K −$1.90/SF
EGI
$114.2K $36.14/SF
− OpEx
−$51.4K −$16.26/SF
NOI
$62.8K $19.88/SF
Area
Berkeley, CA
Vacancy
5.00%
Lease Rate
$38.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,160
Cap Rate 7%
$897,257
Cap Rate 9%
$697,867
Alternative Uses
Best Use
Apartment 5plus
$897.3K
$785.1K – $1.05M
NOI $62,808 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,548 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,756
Businesses Nearby
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Business Placement
Demographics for 94710, CA
9,552
Population
4,105
Households
2.3
Avg Household Size
38
Median Age
65%
College-Educated
92%
High-School Grad
2.2 sq mi
ZIP Area
4,342
Density / Sq Mi
$118,007
Median Household Income
$67,117
Median Earnings
$2,546
Median Rent
$1,084,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Berkeley, CA
Properties on Market for Multifamily properties in Berkeley
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A residential income property with a documented 1905 construction date.
Where is this multifamily property located?
The property is located at 1019 Channing Way Berkeley, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Built in 1905; Floor furnace for heating; Located at 1019 Channing Way, Berkeley, CA 94710
