1720 Hearst Ave, Berkeley, CA 94703
1720 Hearst Ave, Berkeley, CA 94703,Video Tour
1720 Hearst Ave, Berkeley, CA 94703
1720 Hearst Ave, Berkeley, CA 94703
1720 Hearst Ave, Berkeley, CA 94703
1720 Hearst Ave, Berkeley, CA 94703
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Listed by Kevin Obrien, DRE #01385083 • Re/Max Accord
$ 2,200,000
Est. payment | /mo

4,154 SqFt


$ 2,200,000
Est. payment | /mo

4,154 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,154 sqft

Price per Sqft $529

MLS Listing ID BE41131548

Year Built 1961

Lot Size 6,250 Sqft

Property Sub-Type Five or More Units

Source Bay East

Property Description

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.

Location

State CA

County Alameda

Area Berkeley Map Area 3

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet - Partial, Vinyl

Exterior

Exterior Feature Stucco

Parking Features Parking Area

Garage Spaces 6.0

Roof Type 30

Building

Lot Description Grade - Level, Regular

Water Heater - Gas

Others

Tax ID 57-2062-26

Special Listing Condition New, Not Applicable

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1720 Hearst Ave