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2015 Hearst Ave, Berkeley, CA 94709
Priced at Only: $3,868,000
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Address: 2015 Hearst Ave, Berkeley, CA 94709
Property Location and Similar Properties
- MLS#: 41130403 ( Apartment )
- Street Address: 2015 Hearst Ave
- Viewed: 2
- Price: $3,868,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1963
- Bldg sqft: 0
- Days On Market: 2
- Additional Information
- County: ALAMEDA
- City: Berkeley
- Zipcode: 94709
- Subdivision: North Berkeley
- Provided by: COMPASS
- Contact: Willem Willem

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DescriptionLocated just two blocks from the University of California, Berkeley, 2015 Hearst Avenue is a well maintained 7 unit multifamily asset in one of the East Bays most supply constrained and high demand rental markets. The property benefits from consistent student and faculty demand, making it an ideal long term hold with strong upside potential. Ownership has completed extensive capital improvements to the buildings major systems, including a new roof, upgraded electrical and plumbing systems, dual pane windows, and fresh exterior paint. The property is also Soft Story and SB 721 compliant, providing added confidence for investors. With major capex already addressed, future improvements are primarily cosmetic and unit level upgrades, creating a clear path to increasing rental income. Offered at $3,868,000, the asset equates to $552,571 per unit and $672 per square foot, with a 5.50% cap rate and 12.20 GRM. Investors can capture approximately 11.32% rental upside through renovations and operational improvements (buyer to verify). Additional income is generated through parking leased to a neighboring dental practice, along with seven storage units available for lease. Each unit also offers potential for reconfiguration to maximize rental income (buyer to verify).
Features
Appliances
- Gas Water Heater
Association Fee
- 0.00
Construction Materials
- Stucco
Cooling
- None
Heating
- Natural Gas
Laundry Features
- Washer Included
- Dryer Included
Netoperatingincome
- 212703.00
Parcel Number
- 572050132
Property Type
- Apartment
Sourcesystemkey
- 41130403:BMLS
Subdivision Name Other
- NORTH BERKELEY
Tenant Pays
- Gas
Year Built
- 1963
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com


























