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$2,200,000
Est. payment /mo
6,250 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision N Berkeley
MLS Listing ID 41131548
HOA Y/N No
Year Built 1961
Lot Size 6,250 Sqft
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
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Total Parking Spaces 6
Building
Lot Description Street Level
Others
Tax ID 57206226
Virtual Tour https://my.matterport.com/show/?m=YAj4HTCQjke&brand=0
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Listed by Kevin Obrien Re/Max Accord #01385083
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