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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

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

$ 15,000,000

Est. payment | -/mo

1 Bed

3 Baths

69,138 SqFt

Save

$ 15,000,000

Est. payment | -/mo

Save

1 Bed

3 Baths

69,138 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 69,138 sqft

Price per Sqft $216

MLS Listing ID ML82061252

Style Spanish

Bedrooms 1

Full Baths 3

Year Built 1926

Lot Size 1.680 Acres

Property Sub-Type Five or More Units

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 Alameda Map Area 1

Building/Complex Name The Alameda Hotel Apartments

Zoning CCT - Community Commercial Theater District

Interior

Heating Forced Air

Cooling Window / Wall Unit

Flooring Carpet

Laundry Coin Operated

Exterior

Parking Features Common Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Other

Building

Foundation Combination

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 070-0170-010-01

Security Features None

Special Listing Condition Not Applicable

Nearby School & Business

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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