2015 Hearst Ave, Berkeley, CA 94709
Property
Sold June 2026
Listing Agent: Willem Bos (DRE #02013980) · Listing Office: COMPASS · Contact: 415-660-9955 · Bought with: Outside Area · Outside Area Listings · MLS #41130403 · Source: CRMLS
How this sale compares
2015 Hearst Ave sold for $3,280,000 in June 2026, 15% under its $3,868,000 list price, after 33 days on the market. Across 29 closed sales in 94709 over the last 12 months, the median sold price is $1,400,000 and the median is $921 per square foot.
| Quarter | Closed sales in 94709 | Median sold price |
|---|---|---|
| Q2 2026 | 19 | $1,295,000 |
| Q3 2026 | 10 | $2,450,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Berkeley · Homes for sale in 94709
Description
Located just two blocks from the University of California, Berkeley, 2015 Hearst Avenue is a well-maintained 7-unit multifamily asset in one of the East Bay’s most supply-constrained and high-demand rental markets. The property benefits from consistent student and faculty demand, making it an ideal long-term hold with strong upside potential. Ownership has completed extensive capital improvements to the building’s major systems, including a new roof, upgraded electrical and plumbing systems, dual pane windows, and fresh exterior paint. The property is also Soft Story and SB-721 compliant, providing added confidence for investors. With major capex already addressed, future improvements are primarily cosmetic and unit-level upgrades, creating a clear path to increasing rental income. Offered at $3,868,000, the asset equates to $552,571 per unit and $672 per square foot, with a 5.50% cap rate and 12.20 GRM. Investors can capture approximately 11.32% rental upside through renovations and operational improvements (buyer to verify). Additional income is generated through parking leased to a neighboring dental practice, along with seven storage units available for lease. Each unit also offers potential for reconfiguration to maximize rental income (buyer to verify).
Listing description from the June 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 2015 Hearst Ave
1733 Milvia Street: Sold $3,570,000 · 4 bd · 2 ba · 2,673 sqft · May 2026 · 0.1 mi
District Homes | DRE #01784071
Buyer's agent: Rosie Papazian, Abio Properties | DRE #019370391849 Shattuck Ave 207: Sold $430,000 · 1 bd · 1 ba · 490 sqft · Jul 2026 · 0.1 mi
Vanguard Properties | DRE #01433093
Buyer's agent: Xiaodong Xu, The Agency | DRE #019813302035 Francisco St: Sold $3,300,000 · 5 bd · 3 ba · 2,556 sqft · May 2026 · 0.1 mi
BHG RE Reliance Partners | DRE #01120689
Buyer's agent: Christopher Thompson, Compass | DRE #014391691643 Walnut St: Sold $2,800,000 · 4 bd · 4 ba · 2,405 sqft · May 2026 · 0.3 mi
The Agency | DRE #01209552
Buyer's agent: Julie Nachtwey, Compass | DRE #009223891609 Bonita Avenue 5: Sold $640,000 · 2 bd · 1 ba · 704 sqft · Jun 2026 · 0.3 mi
Compass | DRE #01119038
Buyer's agent: Diane Sindel-Deutsche | DRE #010658231622 Oxford St B: Sold $960,000 · 3 bd · 2 ba · 1,115 sqft · May 2026 · 0.3 mi
District Homes | DRE #01990459
Buyer's agent: Ann Arriola Plant, Red Oak Realty | DRE #006130991671 Arch: Sold $2,750,000 · Sep 2026 · 0.4 mi
1515 Oxford St 1D: Sold $1,400,000 · 2 bd · 2 ba · 2,155 sqft · Apr 2026 · 0.5 mi
The Grubb Co. Inc. | DRE #01388149
Buyer's agent: Josephine Chiu, Compass | DRE #01077105
Closed sales reported in 94709, nearest first, last 12 months. All recent sales in Berkeley →