1019 Channing Way,Berkeley, CA 94710
Berkeley, CA 94710
Description
Income today, a home of your own tomorrow. 1019 Channing Way delivers $132,982 in gross scheduled income and $92,209 NOI, a 6.61% cap rate at list price, from a lower unit plus an upper level of five individually leased rooms and shared laundry. Berkeley's 2027 AGA lifts the projected cap rate to 6.85%. The headline, though, is the detached 2+ car garage: reserved for owner use only, not part of any tenancy, and delivered vacant. Under Berkeley Municipal Code Chapter 23.306 a garage may be converted to an ADU within its existing footprint, including nonconformities. Investors get a performing asset with a built in second phase. Owner users get a rare path to creating a private residence at the rear of the lot while the rents carry the property. West Berkeley location steps from San Pablo Avenue, minutes to Fourth Street, Berkeley Bowl West and the freeway. Income and expense summary available. ADU potential to be verified by buyer with City of Berkeley Planning. Shown by appointment; please do not disturb occupants.
Details
| MLS # | 41153313 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 8 |
| Listing Provided By | Bridges 8 Real Property Sales & Management Inc | Perry Gastis |
Features
| Units | 2 |
|---|---|
| Acreage | 0.13 |
Interior
| Heating | Floor Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Exterior
| Construction Materials | Stucco |
|---|---|
| Lot Features | Corner Lot |
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94710 |
| Community Name | CENTRAL BERKELEY |
| Listing VS Median (in CENTRAL BERKELEY) | |
Price: $1,395,000 low | high Med: $0 On site: 8 low | high Med: | |
Market Activity 94710
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Berkeley |
| Zip Code | 94710 |
| Community Name | CENTRAL BERKELEY |
| Listing VS Median (in CENTRAL BERKELEY) | |
Price: $1,395,000 low | high Med: $0 On site: 8 low | high Med: | |
 | $1,098,0002429 San Pablo AvenueBerkeley, CA 94702 |
 | $1,098,0002433 San Pablo AvenueBerkeley, CA 94702 |