Home | Alameda County | Berkeley | 94709 | 2015 Hearst Ave
2015 Hearst Ave, Berkeley, CA 94709
MLS: EB41130403 | Status: | Price: $3,868,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
5,760 |
5,156 |
1963 |
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).
| Field |
Value |
| MLS # |
EB41130403 |
| MLS Source |
Bridge MLS |
| Days on Site |
13 |
Features
Interior Features
| Feature |
Details |
| Appliances |
Dryer, Washer |
| Flooring |
Carpet - Partial, Hardwood |
| Cooling |
None |
| Heating |
Gas |
| Feature |
Details |
| Complex Amenities |
Other |
| Listing Agent |
Co-Listing Agent |
| Willem Bos |
Rick Merritt |
| COMPASS |
|
| License #: 02013980 |
License #: 01942419 |
| Phone: (916) 698-9954 |
Phone: (415) 308-6207 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| – |
– |
7 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
– |
1 |
0/0 |
– |
– |
– |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Nearby Homes
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Price |
Beds |
Baths |
Sq Ft |
Status |
| 2243 Ashby Ave |
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– |
– |
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|
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– |
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– |
– |
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– |
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|
Disclosures
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This listing information is up-to-date as of April 16, 2026. For the most current information, please contact Willem Bos, (916) 698-9954.