USACABerkeleyNorth Berkeley2015 Hearst Ave
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New
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$3,868,000

For Sale

2 days ago

2015 Hearst Ave, Berkeley, CA

Condo

MLS® 41130403

0 Bed

0 Bath

--

7 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes 
Days Active 1
Approx. Age 1963
MLS® Number 41130403

Property Address: 2015 Hearst Ave, Berkeley, CA, 94709-2174

Average square foot calculated using Size range provided by listing agent.

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).
MLS® Number41130403
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1963
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 10, 2026List Date
$3,868,000List Price
  • Commute

Commute

Starting Address
Destination Address
2015 Hearst Ave, Berkeley, CA

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