Prime Investment Opportunity! This stunning Mixed-Use Property on two parcels boasts a thriving Fitness Center on the first floor and mezzanine level, offering a secure income stream with a long-term lease until May 31, 2027, plus a 5-year lease extension option. The first level offers very large sidewalk side windows with high ceilings and wood floors. It also includes an ADA rest room and a shower. With spacious residential units on the second floor, including a mix of 2-bedroom/2-bath, 2-bedroom/1-bath, and 1-bedroom/1-bath layouts, this property offers diverse rental income potential. The units are in very good condition and have been renovated over the years. The first floor offers the residential tenants a co-op washer and dryer. Don't miss the chance to invest in this property's expansive basement and convenient rear parking spaces accessed from Oak Street. The location is something that makes this property very special. It is near City Hall, the city parking structure, the historic Alameda Theater, along with many restaurants and retail spaces.
Natural Gas Available, Water Available
Date | Details | Change |
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Price Reduced from $2,100,000 to $1,920,000 |
Rich Krinks, BHHS Drysdale Properties.
Based on information from California Regional Multiple Listing Service, Inc. as of August 17th, 2025 at 8:56pm PDT. 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, 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.