2544 Santa Clara AVE, Alameda, CA 94501
- $15,000,000
- 69,138
- SqFt
Listed by Jake Anthony, 650-787-6707 from MJA Equity Investments, Inc.
(If provided) CoList: Michael J Anthony from MJA Equity Investments, Inc.
- List Price
- $15,000,000
- MLS#
- ML82061252
- Status
- ACTIVE
- Sqft. of Residence
- 69,138
- Lot Size
- 73,181
- Listing Area
- Alameda Map Area 1
- Year Built
- 1926
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.
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Additional Information
- Building Name
- The Alameda Hotel Apartments
- Cooling System
- Window / Wall Unit
- Floor Covering
- Carpet
- Foundation
- Combination
- Garage Parking
- Common Parking Area
- Heating System
- Forced Air
- Laundry Facilities
- Coin Operated
- Living Area
- 69,138
- Lot Size
- 73,181
- Neighborhood
- Alameda Map Area 1
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Flat / Low Pitch, Other
- Sewer
- Sewer - Public
- Style
- Spanish
- Unincorporated Yn
- Yes
- Zoning
- CCT - Community Commercial Theater District
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