Seven-Unit Apartment
For Sale
$995,000
Pending
2214 Channing Way, Berkeley, CA 94704
COMM RI MULTI-UNITS 5+, Berkeley, CA
Property Size2,909 SF
Lot Size0.10 Acres
Days on Market58
Property Features for 2214 Channing Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Rooms
Basement
Parking
1
Parking features
Tandem
Exterior features
Garden
Appliances
Gas Water Heater
Subdivision
BERKELEY CENTRAL
Lot features
Paved
Standard status
Pending
APN
55188826
Size
2,909 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Utilities
Sewer type
Public Sewer
Heating system
Floor Furnace
Water source
Public
Building Details
Year built
1905
Flooring type
Tile, Vinyl, Carpet, Hardwood
Building materials
Frame, Wood Shingles, Wood Siding
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(925) 934-2900
Listed By:
Joey Wang · License #01890931
(510) 592-5554
Added: Sep 10
Changed: Nov 2
Last Checked: Nov 6 at 10:06AM
MLS# 41147827
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1905, this Colonial Revival apartment property contains seven residential units and a separate office within a 2,909-square-foot building on a 4,500-square-foot lot. The residential mix includes six studios and one two-bedroom unit, with private accommodations throughout. The property is fully occupied and includes two Berkeley Housing Authority tenancies. A master-metered configuration places utility service under the landlord’s responsibility.
The property is located two blocks from the UC Berkeley campus and one block from Shattuck. It sits within a Tier 1 transit zone and a campus development zone. Exterior and site features include a garden, a three-car tandem driveway, public water and sewer, wood-shingle and wood-siding construction, and a basement with unallocated storage. The building has no on-site laundry.
The property is located two blocks from the UC Berkeley campus and one block from Shattuck. It sits within a Tier 1 transit zone and a campus development zone. Exterior and site features include a garden, a three-car tandem driveway, public water and sewer, wood-shingle and wood-siding construction, and a basement with unallocated storage. The building has no on-site laundry.
Key Highlights
- Seven residential units: six studios and one two‑bedroom
- Separate office space within the property
- Fully occupied, including two Berkeley Housing Authority tenancies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,819
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,380
$1.2M
Cap Rate 7%
$825,986
$826.0K
Cap Rate 9%
$642,433
$642.4K
Market Conditions
NOI Build-Up for 2,909 SF
Gross rent
$110.7K $38.04/SF
− Vacancy
−$5.5K −$1.90/SF
EGI
$105.1K $36.14/SF
− OpEx
−$47.3K −$16.26/SF
NOI
$57.8K $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%
$1,156,380
Cap Rate 7%
$825,986
Cap Rate 9%
$642,433
Alternative Uses
Best Use
Apartment 5plus
$826.0K
$722.7K – $963.7K
NOI $57,819 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$984.4K – $1.31M
NOI $78,752 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,364
Businesses Nearby
Explore this area
Business Placement
Demographics for 94704, CA
25,259
Population
9,722
Households
2.6
Avg Household Size
26
Median Age
72%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
28,066
Density / Sq Mi
$52,105
Median Household Income
$17,509
Median Earnings
$1,987
Median Rent
$918,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residential property with a separate office, varied unit mix, and tandem driveway parking.
Where is this apartment building located?
The property is located at 2214 Channing Way Berkeley, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Seven residential units: six studios and one two‑bedroom; Separate office space within the property; Fully occupied, including two Berkeley Housing Authority tenancies
