2015 Hearst Ave

Beds
Baths
5,760 Sq. Ft.
$672 / Sq. Ft.
5,760
Sq. Ft.
$672
per Sq. Ft.

Description

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...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).

Listing Agents

  1. Willem Bos

    Willem Bos

    Listing Agent

    COMPASS

    DRE #02013980

    P: (916)-698-9954

  2. Rick Merritt

    Rick Merritt

    Alternative Listing Agent

    Compass

    DRE #01942419

    P: (415)-308-6207

Property Details for 2015 Hearst Avenue

City
BERKELEY
Dist Neighborhood Subdiv
NORTH BERKELEY
Building Type
Apt Complex
Property Sub Type
Apt Complex
Total # Parking Spaces
7
LISTING UPDATED: 05/12/2026 12:54 PM

Property Details for 2015 Hearst Avenue

StatusPending
MLS #41130403
Days on Compass33
Pet Policy-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1963
CountyAlameda County

Location

Listing Courtesy of COMPASS, Willem Bos, DRE #02013980; Compass, Rick Merritt, DRE #01942419
Add your commute

Building Information for 2015 Hearst Avenue

Building/Complex2015 Hearst AveFloor-Stories-Residences7Pet Policy-Pet Policy Details-Year Built1963Building Size-

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OriginPoint Mortgage or Rocket Mortgage1

$22,747 per month

30 year fixed, 6.36% Interest

Principal and Interest

$19,275

Property Taxes

$3,472

HOA Dues

$0

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Property Information for 2015 Hearst Avenue

Features
Feature Details
  • Flooring: Hardwood, Partial Carpeting
  • Laundry: Dryer, Washer
Room Details
  • Additional Rooms: Basement - Storage Area
Utility Details
  • Cooling: None
  • Heating: Gas
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Dryer, Washer, Gas Water Heater, Other, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Other
  • Lot Sq Ft Apx: 5156
  • Lot Size Square Feet: 5156.0
  • Roof: Flat
  • Sq Ft Apx: 5760
  • Year Built: 1963
Location Details
  • FIPS Code: 06001
  • Census Tract: 4224
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 7
  • Basement: Storage Area
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Income / Expense Details
  • Operating Expenses: Trash Removal, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 7
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 # of Bathrooms: 1
Building Details
  • Additional Features-Misc: Extra Storage, Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Carports - 2 Or More
  • Tot Ann Oper Exp: 98204.0
Income / Expense Details
  • Gross Income: $301,824
  • Gross Rent Multiplier: 12.2
  • Net Operating Income: $212,703
Other Financial Information
  • Cap Rate: 5.5
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 2015 Hearst Avenue

DateEvent & SourcePriceAppreciation
May 12, 2026

Pending

MLSListings #EB41130403

May 12, 2026

Pending

EBRD #41130403

Apr 9, 2026

Listed (Active)

MLSListings #EB41130403

$3,868,000
DateEvent & SourcePrice
05/12/2026

Pending

MLSListings #EB41130403

05/12/2026

Pending

EBRD #41130403

04/09/2026

Listed (Active)

MLSListings #EB41130403

$3,868,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2015 Hearst Avenue

Taxable ValueLand$706,029Additions$1,645,035Total$2,351,064
Tax Record2025$41,668 ($3,472 / month)
Home Facts
Total Finished SqFt5,760 SqFtAbove Grade Finished SqFt5,760 SqFtStories3Lot Size5,156 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyALAMEDAAPN57-2050-13-2

Schools near 2015 Hearst Avenue

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Cragmont Elementary School
PublicK to 5

Oxford Elementary School
PublicK to 5

Washington Elementary School
PublicK to 5

Malcolm X Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS, Willem Bos, DRE #02013980; Compass, Rick Merritt, DRE #01942419

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.