Alameda Hotel Apartments
Multifamily | 93 Residential Units | 14 Retail Units
Marketing description
The Alameda Hotel Apartments, a landmark mixed-use asset located at 1415 Broadway, steps from Downtown Alameda. Built in 1926, the property has been carefully maintained by current ownership and stands as one of the city’s most storied and recognizable mixed-use assets, a generational holding unburdened by historical preservation restrictions. The offering encompasses 93 multifamily units, 14 street-level retail spaces, and a ±11,000 square foot multi-room event venue featuring a Ballroom, Gold Room, and Crystal Room, which opens directly to a private outdoor courtyard. The residential unit mix spans (18) Sleeping Rooms, (21) Sleeping Rooms with private bathrooms, (32) Studios, and (22) One-Bedroom/One-Bathroom units, a configuration well-suited to Alameda’s diverse renter base drawn to the island’s relative tranquility and proximity to major Bay Area employment centers. Retail unit sizes range from 132 to 2,520 square feet, accommodating a broad spectrum of service, food, and entertainment tenants that collectively reinforce the property’s identity as a neighborhood anchor. The property offers a robust amenity package including on-site parking, a common-area laundry facility, a recently modernized elevator, and shared bathrooms serving the SRO units. Ground-floor retail comprising dining, entertainment, and personal services further enhances resident convenience, reflecting a local community infrastructure that supports stable demand across all unit types.
Investment highlights
- $200,000 Per Unit
- $263 Per SF
- 5.25% In-Place Cap Rate
- Generational Ownership Opportunity
- Walk Score of 98 “Walker’s Paradise”
- Irreplaceable Historic Asset
- Three Blocks From Over 200 Retail & Dining along Park Street
- ±11,000 SF of Historic Event Space
- On-Site Laundry Facility
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