1720 Hearst Ave, Berkeley, CA 94703

Building Details

Year Built

1961

Listing agent KEVIN OBRIEN License #1385083

Listing office RE/MAX ACCORD E***@Att.net Show Phone

Listing date Apr 21, 2026

Source Corcoran

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Overview

This well-maintained six-unit apartment building is located in a desirable Berkeley location. The property is situated near University Avenue and Trader Joe’s, across the street from Ohlone Park, Playground, and a Senior Center, and a short distance from BART, Berkeley High School, City Hall, the new computer building at UC Berkeley, and the Gourmet Ghetto. One apartment has been recently updated, while the other five apartments are in good condition with updated windows. All apartments feature a 2-bedroom, 1-bath layout. The property's location has a Walk-Score of 9.5 out of 10, indicating it is very walkable. The property size is 4,154 square feet. The cost per unit is $366,667, and the price per square foot is $530. The current average rent is $2,289 per month, while market rents are approximately $2,600 per month. The current CAP rate is 4.7%, with a market CAP rate of 5.7%. The current Gross Rent Multiplier (GRM) is 13.4, and the market GRM is 11.8. The Net Operating Income (NOI) based on current rents is $103,300, and the market rent NOI is $125,716.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Berkeley

County

Alameda

State

California

Longitude

-122.2766351

Latitude

37.8725925

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FAQs

What type of property is this?

Apartment building - Six-unit apartment building in a prime Berkeley location.

Where is this apartment building located?

The property is located at 1720 Hearst Ave Berkeley, CA.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Excellent Location: Boasting a Walk Score of 9.5/10, near University Ave, Trader Joe's, Ohlone Park, BART, Berkeley High, City Hall, UC Berkeley, and Gourmet Ghetto.; Strong Income Potential: Current CAP Rate 4.7%, potential market CAP Rate of 5.7% with NOI reaching $125,716.; Well‑Maintained Building: First time on the market in over 40 years.