2015 Hearst Ave, Berkeley, CA 94709

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Pending

$3,868,000

bedrooms

bathrooms

square feet

5,760

Acreage

Open Houses

year built

1963

Full Baths

Half Baths

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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
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Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: -

Listing agent: Willem Bos

Listing broker: Compass

Last update: Tuesday, May 12 2026 at 5:07 p.m. EDT

Compass Broker