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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 3,868,000

Est. payment | -/mo

5,157 Sqft Lot

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$ 3,868,000

Est. payment | -/mo

Save

5,157 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision North Berkeley

MLS Listing ID 41130403

HOA Y/N No

Year Built 1963

Lot Size 5,157 Sqft

Property Sub-Type Apartment

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

Interior

Heating Natural Gas

Cooling None

Fireplace No

Appliance Gas Water Heater, Dryer, Washer

Exterior

Total Parking Spaces 7

Others

Tax ID 572050132

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Willem Bos COMPASS #02013980

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA, 92008, USA

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2015 Hearst Ave Berkeley, CA 94709