2015 Hearst Ave - Apartments FOR SALE


Berkeley, CA 94709- North Berkeley
$3,868,000 USD
916-698-9954
2015 Hearst Ave, Berkeley, CA for Sale
$3,868,000 USD
Apartments - FOR SALE
1/25
null | 5.5% Cap Rate

2015 Hearst Ave
Berkeley, CA 94709
North Berkeley


HIGHLIGHTS

  • UC Berkeley adjacent property
  • Student housing
  • Soft Story Compliant
  • SB 721 Compliant
  • Turn Key investment

OVERVIEW

Bos Group is pleased to present 2015 Hearst Avenue, a well-maintained 7-unit multifamily asset located just two blocks from the University of California, Berkeley 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).

FOR SALE DETAILS

PRICE

$3,868,000 USD

PRICE/SF

$819 USD /SF

# OF UNITS

7

PRICE/UNIT

$552,571

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R

APN/PARCEL ID

057-2050-013-02

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
916-698-9954

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Willem BosCompass CommercialMore Info
916-698-9954

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