$15,000,000

2544 Santa Clara Avenue, Alameda CA, 94501

Price per sqft$216.96

Built in1926

Property size69,138 sqft

Property typeCommercial

Listed by Jake Anthony CA DRE# 02059020 with MJA Equity Investments, Inc. 650-787-6707

Overview

Active

Listed Sep 14, 2026

Updated 7 days ago

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.

Additional information

MLS^® ID: ML82061252

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 1.68 Acres

Other Property Details

Taxes: $181,905
Tax Frequency: Annually
Maintenance Expense: $21,339

Also listed on BEAR and MLSLISTINGS

Listed by Jake Anthony CA DRE# 02059020 with MJA Equity Investments, Inc. 650-787-6707

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/16/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/16/2026 at 4:03 AM UTC Last Checked: 4:03 AM UTC