1720 Hearst Ave Berkeley, CA 94703
Downtown Berkeley NeighborhoodEstimated payment $13,875/month
Highlights
- No HOA
- Partially Carpeted
- 1-minute walk to Ohlone Park
- Berkeley Arts Magnet at Whittier School Rated A
- Wall Furnace
About This Home
Location! Location! Location! 1720 HEARST AVE ... first time on the market in over 40-years ... extremely well-maintained 6-unit apartment building ... Walk-Score = 9.5 out of 10 = a WALKERS DREAM ... 2-blocks to University Ave and Trader Joe’s ... across the street from Ohlone Park, Playground and Senior Center ... 3-blocks to BART ... 5-blocks to Berkeley High School and City Hall ... 8-blocks to the NEW computer building at UC Berkeley ... 6-blocks to the Gourmet Ghetto ... this is a very nice part of town that is close to everything! One apartment is vacant and was just updated – see the photos – the other five apartments are in good condition with updated windows ... Apartments are all 2-bedrooms, 1-bath ... CAP-RATES current rents = 4.7%, market rents = 5.7% ... GRM = current rents = 13.4, market rents = 11.8 ... NOI (income) = current rents $103,300, market rents = $125,716 ... Cost per unit = $366,667 ... $ per SQ FT = $530. Current rents average $2,289 per month ... Market rents are about $2,600 per month ... SEE PROFORMA for more details
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 6,250 Sq Ft Lot
Parking
- Parking Lot
Home Design
- Flat Roof Shape
- Stucco
Flooring
- Partially Carpeted
- Vinyl
Utilities
- No Cooling
- Wall Furnace
Community Details
- No Home Owners Association
- 6 Units
- N Berkeley Subdivision
Listing and Financial Details
- Assessor Parcel Number 57206226
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/19/2026 04/19/26 | For Sale | $2,200,000 | -- | $530 / Sq Ft |
Source: Bay East Association of REALTORS®
MLS Number: 41131548
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