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$2,200,000 Just Listed
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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.
Full Property Details
Full Property Details for 1720 Hearst Ave
General
- Price: $2,200,000
- Status: Active
- Type: Commercial Residential Facility
- Source: MAX
- MLS ID: 41131548
- Updated: 4/19/2026
- Added to Site: 2 day(s) ago
Interior
- Flooring: Partial Carpeting, Vinyl
Parking
- Parking Features: Parking Lot, Size Limited
Location
- Area: Listing
- County: Alameda
- Subdivision: N Berkeley
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Structural Information
- Exterior Const.: Stucco
- Roof: Unknown, Flat
- Year Built: 1961
Lot Features
- Lot Size (Acres): 0.14
- Lot Dimensions: 6250
- Lot Features: Level, Rectangular Lot
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $530
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Property ID: 57206226
Listed by Re/Max Accord, Kevin Obrien
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Schools
Schools serving 1720 Hearst Ave
School District:Berkeley Unified School District
| Name | Grades | Distance |
|---|---|---|
Berkeley Arts Magnet at Whittier School 1645 Milvia Street, Berkeley, CA 94709 | K-5 | 0.4 mi |
Washington Elementary School, Berkeley, CA 2300 Martin Luther King Junior Way, Berkeley, CA 94704 | K-5 | 0.5 mi |
Oxford Elementary School 1222 University Avenue, Berkeley, CA 94702 | K-5 | 0.7 mi |
Willard Middle School 2425 Stuart Street, Berkeley, CA 94705 | 6-8 | 1.3 mi |
Berkeley High School 1980 Allston Way, Berkeley, CA 94704 | 9-12 | 0.4 mi |
Sylvia Mendez Elementary 2840 Ellsworth Street, Berkeley, CA 94705 | K-5 | 1.3 mi |
Malcolm X Elementary School 1731 Prince Street, Berkeley, CA 94703 | K-5 | 1.4 mi |
Cragmont Elementary School 830 Regal Road, Berkeley, CA 94708 | K-5 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1720 Hearst Ave
Date
Details
Price
Change
Source
4/19/2026
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1720 Hearst Ave
1720 Hearst Ave, Berkeley, CA 94703 (MLS# 41131548) is a Commercial Residential Facility property. 1720 Hearst Ave is currently listed for $2,200,000 and was received on April 19, 2026. Want to learn more about 1720 Hearst Ave? Do you have questions about finding other Commercial Residential Facility real estate for sale in Berkeley? You can browse all Berkeley real estate or contact a Coldwell Banker agent to request more information.

