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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 15,000,000

Est. payment | -/mo

1.68 Acres Lot

Save

$ 15,000,000

Est. payment | -/mo

Save

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jake Anthony MJA Equity Investments, Inc. #02059020

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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2544 Santa Clara AVE Alameda, CA 94501