2015 Hearst Ave, Berkeley, CA 94709

Berkeley
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
2015 Hearst Ave,Berkeley, CA 94709
$3,868,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: willem bos, rick merritt
Office: compass415-660-9955
MLS#:41130403
Source:CRMLS

Price summary

  • Price:$3,868,000

About this home

Located 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 Bay’s 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 building’s 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...

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Home facts

  • Year built:1963
  • Listing ID #:41130403
  • Added:1 day(s) ago
  • Updated:April 10, 2026 at 11:33 AM

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1963
  • Lot area:0.12 Acres
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$3,868,000

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:7
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