1720 Hearst Ave Berkeley, CA 94703
Downtown Berkeley NeighborhoodEstimated payment $13,864/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 ... Offers reviewed on WEDNESDAY, April 29th at 3pm.
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
| 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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Ask me questions while you tour the home.