1720 Hearst Ave, Berkeley, CA 94703
1720 Hearst Ave, Berkeley, CA 94703,Video Tour
1720 Hearst Ave, Berkeley, CA 94703
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Kevin Obrien, DRE #01385083 • Re/Max Accord
$2,200,000
Est. payment /mo
4,154 SqFt
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Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,154 sqft

Price per Sqft $529

MLS Listing ID BE41131548

Year Built 1961

Lot Size 6,250 Sqft

Property Sub-Type Five or More Units

Source Bay East

Property Description

Location! Location! Location! 1720 HEARST AVE . first time on the market in over 40-years . extremely well-maintained 6-unit apartment building . Walk-Score = 9.5 out of 10 = a WALKERS DREAM . 2-blocks to University Ave and Trader Joe's . across the street from Ohlone Park, Playground and Senior Center . 3-blocks to BART . 5-blocks to Berkeley High School and City Hall . 8-blocks to the NEW computer building at UC Berkeley . 6-blocks to the Gourmet Ghetto . this is a very nice part of town that is close to everything! One apartment is vacant and was just updated - see the photos - the other five apartments are in good condition with updated windows . Apartments are all 2-bedrooms, 1-bath . CAP-RATES current rents = 4.7%, market rents = 5.7% ... GRM = current rents = 13.4, market rents = 11.8 ... NOI (income) = current rents $103,300, market rents = $125,716 ... Cost per unit = $366,667 ... $ per SQ FT = $530. Current rents average $2,289 per month ... Market rents are about $2,600 per month ... SEE PROFORMA for more details ... Offers reviewed on WEDNESDAY, April 29th at 3pm.

Location

State CA

County Alameda

Area Berkeley Map Area 3

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet - Partial, Vinyl

Exterior

Exterior Feature Stucco

Parking Features Parking Area

Garage Spaces 6.0

Roof Type 30

Building

Lot Description Grade - Level, Regular

Water Heater - Gas

Others

Tax ID 57-2062-26

Special Listing Condition New, 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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1720 Hearst Ave

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