2015 Hearst Ave, Berkeley CA 94709 | $3,868,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 5156 Lot Sq Ft
  • Type: Apartment
  • Stories: 0
  • Year Built: 1963
  • MLS#: 41130403
  • Community:

Listing provided courtesy of Willem Bos of COMPASS. Last updated 2026-04-19 08:11:29.000000. Listing information © 2025 SANDICOR.

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).

More Details

0.12 Acres

David Piper

Call or Text: 858-525-5007

DRE# 02021985