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About This Home
This 0-bedroom, 0-bathroom single family at 1720 Hearst Ave in Berkeley, CA is listed for $2,200,000 ($530 per sqft). Built in 1961, the home offers 4,154 sqft of living space on a 0.14 acres lot.
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
Key Features
- Built in 1961
- 0.14 acre lot
Property Details
Monthly Cost Estimate
$11,766/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1720 Hearst Ave
Berkeley, CA 94703
N Berkeley
Property Details
Flooring
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom single family at 1720 Hearst Ave is listed at $2,200,000 ($530/sqft). The estimated monthly payment is $9,533 based on 20% down at 6.5% interest.
Key features include: Built in 1961, 0.14 acre lot.
This property is listed by Kevin Obrien and can be reached at 9255950422 or EmailKevin@Att.net.
