Request More Info
Schedule a Showing
Share
Print
|
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 Type(s):
Residential Income
| Last Updated | 4/19/2026 | Tract | N BERKELEY |
|---|---|---|---|
| Year Built | 1961 | County | Alameda |
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| LOT | 6251 sq ft |
| LOT DIMENSIONS | 6250 |
| SUBDIVISION | N BERKELEY |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Re/Max Accord
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email