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).
Property Details
Price:
$3,868,000
MLS #:
41130403
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
NORTH BERKELEY
Listed Date:
Apr 9, 2026
Lot Size:
5,156 sqft / 0.12 acres (approx)
Year Built:
1963
See this Listing
Schools
Interior
Appliances
GWH
Cooling
NO
Heating
GAS
Laundry Features
DINC, WINC
Exterior
Construction Materials
STC
Parking Spots
7
Parking Total
7
Financial
Map
Community
- Address2015 Hearst Ave Berkeley CA
- SubdivisionNORTH BERKELEY
- CityBerkeley
- CountyAlameda
- Zip Code94709
Subdivisions in Berkeley
Market Summary
Current real estate data for Single Family in Berkeley as of Apr 24, 2026
142
Single Family Listed
52
Avg DOM
591
Avg $ / SqFt
$1,536,692
Avg List Price
Property Summary
- Located in the NORTH BERKELEY subdivision, 2015 Hearst Ave Berkeley CA is a Single Family for sale in Berkeley, CA, 94709. It is listed for $3,868,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1963. The average price per square foot for Single Family listings in Berkeley is $591. The average listing price for Single Family in Berkeley is $1,536,692.
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