1720 Hearst Ave, Berkeley, CA 94703

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

Listing Status:

Active

Date Added:

April 19, 2026

Data Last Updated:

May 20, 2026 at 5:17AM

Listing Office:

Re/Max Accord : 925-283-9200

Listing Agent:

Kevin Obrien :

MLS ID:

41131548

Interior

• Appliances: Gas Water Heater
• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Parking spaces: 6

Construction

• General: Stucco

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CCBE
• County: Alameda

Lot

• Zoning: 57206226

Financial

• Source: CRMLS_CCBE