Pending

2015 Hearst Ave

Berkeley, CA 94709
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Bed 0

Bed

Bath 0

Bath

SqFt5,156

Sqft(Lot)

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. Offer ed 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).

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Detail Ic Property Details

Property Type : Residential Income

Price : $3,868,000

AD Id : 76928469

MLS Id : 41130403

Lot Size : 5,156 Sqft

Year Built : 1963

County : Alameda

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Feature Features

  • Bathroom Information

    Total Baths: 0
  • Interior Features

    Property Appliances: Gas Water Heater,Dryer,Washer
  • Cooling Features

    None Air Conditioning

    Heating Source

    Natural Gas Has Heating

  • Building Information

    Year Built: 1963 Construction: Stucco

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1184
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5156

  • Listing Price Information

    Original List Price: 3,868,000 Listing Contract Date: 2026-04-09

  • Tax Information

    Parcel Number: 572050132

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Gas

  • Other Property Info

    Source Listing Status: Pending Source Neighborhood: Directions: Cross Street: Shattuck Ave. Source Property Type: Residential Income Property SubType: Apartment
  • Building and Construction

    Property Age: 63 Structure Type: Apartment Year Built Source: Vendor Enhanced
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1739 Spruce Street, Berkeley, CA, 94709 $6,500,000 -- -- --
1444 Walnut St, Berkeley, CA, 94709 $4,700,000 -- -- --
Residential, Berkeley, CA, 94709 $799,000 2 1 980 980 SqFt

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ByOwner last updated this listing 06/17/2026 @ 20:34

MLS: 41130403 LISTED BY: Willem Bos, COMPASS 415-660-9955 SOURCE: CRMLS

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