$15,000,000
( $216.96Per Sq Foot )
 $80,523 est/mo Sourced by Back At You

2544 Santa Clara Avenue,Alameda, CA 94501

Alameda, CA 94501

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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.

Details

MLS #ML82061252
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1926
Days On Site10
Listing Provided ByMJA Equity Investments, Inc. | Jake Anthony

Features

SQ Feet69,138
Car PortYes
Building(s)1
ZoningCCT - Community Commercia
Acreage1.68

Interior

CoolingWall Window Units
HeatingForced Air
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofFlat, Other

Taxes

Property181905

Area Information

StateCA
CountyAlameda
CityAlameda
Zip Code94501
Area699 Not Defined
Listing VS Median (in 94501)
Price:
$15,000,000
low | high
Med:
$998,000
100% of Average
sqft:
69,138
low | high
Med:
1,570
100% of Average
$ / sqft:
$217
low | high
Med:
$660
100% of Average
On site:
10
low | high
Med:
10
100% of Average
Sourced by Back At You

Market Activity 94501

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Contact

Learn More About This Property

Ray Lago

Ray Lago

Desert Lifestyle Properties

02007780 (714) 317-6144raythedesertrealtor@gmail.com
StateCA
CountyAlameda
CityAlameda
Zip Code94501
Area699 Not Defined
Listing VS Median (in 94501)
Price:
$15,000,000
low | high
Med:
$998,000
100% of Average
sqft:
69,138
low | high
Med:
1,570
100% of Average
$ / sqft:
$217
low | high
Med:
$660
100% of Average
On site:
10
low | high
Med:
10
100% of Average
Sourced by Back At You
Listing Updated: September 15, 2026 at 5:03:51 PM PDT