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Listed by Kevin Obrien, DRE #01385083 • Re/Max Accord
$ 2,200,000
Est. payment /mo
New
1720 Hearst Ave Berkeley, CA 94703
4,154 SqFt
UPDATED:
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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