1415-1419 Broadway - Apartments FOR SALE


Alameda, CA 94501- Downtown Alameda
$18,600,000 USD
510-433-5816
1415-1419 Broadway, Alameda, CA for Sale
$18,600,000 USD
Apartments - FOR SALE
1/5
null | 5.25% Cap Rate

1415-1419 Broadway
Alameda, CA 94501
Downtown Alameda


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

OVERVIEW

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. The Alameda Hotel Apartments, built in 1926, stands as a striking example of the Spanish Colonial Revival architectural movement that gained popularity in California during the early 20th century. The ornate lobby, featuring handcrafted red timber beams, dramatic archways, custom chandeliers throughout, gold-trimmed columns, and custom stained-glass windows, along with dramatic rounded doors, twin staircases, and wrought iron railings, all speak to the attention to craftsmanship and style of that era. The original ballroom, accessed through elaborately detailed iron gates, reflects the building’s historic role as a center for social gatherings and entertainment for generations of Alameda residents, hosting lively events and dances through the era of Neptune Beach and World War II. From its opening night in 1926 through the present day, the property has served as the backdrop for nearly a century of community life, hosting weddings, quinceañeras, birthday celebrations, and large community events across its ballroom, crystal room, and private courtyard. Though no longer operated as a hotel, the building remains a visually prominent landmark along Broadway and retains much of its original design integrity, preserving a tangible piece of Alameda’s heritage and architectural identity. As one of the earliest multistory hotel apartments in the area, its conversion into residential apartments reflects changing patterns of urban development and housing needs that continue to persist today. Today, the property continues to serve as a pillar of the local community, anchored by ground-floor outdoor retail, food, and essential services that extend its presence beyond its residential function and reinforce its role as an enduring fixture in the civic life of Alameda.

FOR SALE DETAILS

PRICE

$18,600,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

93

PRICE/UNIT

$200,000

CAP RATE

5.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alameda Hotel Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

C-C-T

APN/PARCEL ID

070-0170-010-01

ASK ABOUT THIS PROPERTY

Ryan RodriguezColliersMore Info
510-433-5816

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ryan RodriguezColliersMore Info
510-433-5816

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.