2015 Hearst Ave, Berkeley, CA 94709
2015 Hearst Ave, Berkeley, CA 94709
2015 Hearst Ave, Berkeley, CA 94709
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Willem Bos, DRE #02013980 • COMPASS
$3,868,000
Est. payment /mo
1 Bed
1 Bath
5,760 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,760 sqft

Price per Sqft $671

MLS Listing ID EB41130403

Bedrooms 1

Year Built 1963

Lot Size 5,156 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

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 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).

Location

State CA

County Alameda

Area Berkeley Map Area 3

Interior

Heating Gas

Cooling None

Flooring Carpet - Partial, Hardwood

Laundry Washer, Dryer

Exterior

Exterior Feature Stucco

Garage Spaces 7.0

Building

Lot Description Other

Water Heater - Gas

Others

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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2015 Hearst Ave

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