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$ 15,000,000
Est. payment | /mo
1.68 Acres Lot
$ 15,000,000
Est. payment | /mo
1.68 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82061252
HOA Y/N No
Year Built 1926
Annual Tax Amount $181,905
Lot Size 1.680 Acres
Property Description
Rare opportunity to acquire a landmark mixed-use asset in the heart of downtown Alameda. The historic 1926 Spanish Colonial Revival building offers 93 residential units and 17 retail spaces across 110 total units, with 96.4% physical occupancy. The property has not traded in over 30 years. The residential mix spans studios, one-bedrooms, and private- and shared-bath rooms with significant rent roll upside as legacy in-place rents roll to market on turnover. Studios currently range from $542 to $1,742/month, one-bedrooms from $1,055 to $2,100, reflecting the spread between long-tenured residents and recent market-rate leases. Alameda's Annual General Adjustment is set at 2.7% for 2026-27, providing predictable annual increases on controlled tenancies. The building features a historic ballroom and event venue a largely untapped revenue opportunity with potential for events, co-working, or food and beverage activation. Ground-floor retail along Broadway adds diversified income from 17 commercial spaces. Zoned CCT (Community Commercial Theater District), the property sits on Alameda's primary commercial corridor with immediate access to the Fruitvale BART station and the Bay Bridge.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning CCT - Community Commercia
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 60
Roof Type Flat,Other
Building
Water Public
Schools
School District Alameda City Unified
Others
Tax ID 070017001001
Special Listing Condition Standard
Listed by Jake Anthony MJA Equity Investments, Inc. #02059020
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