EXCLUSIVELY OFFERED BY MNM REALTY GROUP | $15,000,000 MNM Realty Group is pleased to present the exclusive sale of 1415 Broadway — The Alameda Hotel Apartments, a landmark mixed-use residential and retail asset in the heart of downtown Alameda, California. Built in 1926 in the Spanish Colonial Revival style, this iconic four-story building encompasses 110 rentable spaces across approximately 70,675 square feet and represents one of the most distinctive income-producing assets in the East Bay, now offered at $15,000,000 for the first time at this value-oriented price point. PROPERTY OVERVIEW The property comprises 93 residential units across four room types — 18 shared-bathroom rooms, 22 private-bath rooms, 32 studios, and 21 one-bedroom apartments — plus 17 ground-floor retail and commercial spaces encompassing approximately 23,025 SF. As of July 2026, the property is 94.55% occupied (104 of 110 spaces), with in-place gross rents of approximately $1,736,613 annualized and trailing 12-month revenue of $1,720,576 (July 2025–June 2026). FINANCIAL SUMMARY Offering Price: $15,000,000 Gross Income (2026 Forward): $1,771,155 Net Operating Income (Stabilized): $895,535 Cap Rate: ~6.0% Price Per SF: ~$212 Historical revenue has grown from $1,324,283 (2022) to $1,699,929 (2024) and $1,720,576 (T-12 through June 2026). NOI is presented at the buyer's stabilized basis, reflecting the property tax reset to purchase price under Proposition 13 at the confirmed 1.2127% composite rate for Tax Rate Area 21-004. RETAIL & COMMERCIAL TENANCY The 17 ground-floor commercial spaces serve 16 neighborhood-anchored tenants, including multiple salon and nail salon operators, dry cleaners, a rotisserie/grill kitchen, a café, a florist, a grocery, a mailbox and shipping center, a travel agency, and a dedicated ballroom and event space with a full kitchen and prep facility. One space is currently vacant, representing a straightforward lease-up opportunity along Alameda's active Broadway corridor. INVESTMENT HIGHLIGHTS — Iconic 1926 Spanish Colonial Revival landmark offered for the first time at this price point — 94.55% occupancy — 104 of 110 spaces occupied as of July 2026 — T-12 revenue of $1,720,576; stabilized NOI of $895,535 at buyer's basis — Meaningful rent upside as below-market legacy residential leases turn over; Alameda's Rent Ordinance (Ord. 3250) caps annual increases on existing tenants at the AGA (2.7% for 2026–27) but places no restriction on initial rents for newly vacant units — Dedicated ballroom and event space with full kitchen/prep facility — largely untapped: 2–4 bookings/month at $1,500–$3,000/event = $36,000–$144,000 in additional annual gross revenue — One vacant retail space — incremental lease-up NOI at no additional capital cost — Insurance-covered unit restoration: April 2026 fire affected one residential room; $143,000 payout issued (additional recovery being pursued); repaired unit returns to the rental pool at market rates, representing incremental NOI for an incoming owner at no net cost — $395,810 in documented capital investment since 2017, including full elevator replacement, parking lot repaving, hot water system re-pipe, unit renovation, and roof repairs — Alameda County Assessor's 2026–2027 factored assessed value of $21,752,250 — offered at a discount to assessed value and well below replacement cost — Supply-constrained submarket: Alameda has permitted only ~12% of its state-mandated housing allocation through 2031, with essentially no new competitive multifamily supply delivered in recent years LOCATION 1415 Broadway anchors the Broadway corridor connecting Alameda's Park Street Business District and Webster Street retail node. Alameda is a walkable island city adjacent to Oakland, with direct connections to the broader Bay Area via the Posey and Webster tubes, Park Street and Fruitvale bridges, and ferry service to San Francisco. The property's ground-floor retail benefits from consistent pedestrian traffic along one of the city's most active neighborhood commercial spines. RECENT CAPITAL IMPROVEMENTS 2017 — Elevator replacement, full cab & mechanicals: $234,240 2024 — Hot water system re-pipe (attic), permitted: $28,540 2024 — Parking lot repaving, full-depth: $95,000 2026 — Unit renovation, full kitchen & bath remodel, permitted: $25,700 2026 — Roof repairs: $12,330 Total Capital Invested: $395,810 OFFER PROCESS A comprehensive due diligence package is available to qualified purchasers upon execution of a Confidentiality Agreement, including rent rolls (multiple periods through July 2026), P&L statements (2022–2025 and YTD 2026), trailing 12-month income statement, full residential and commercial lease packages, property tax bills, insurance policies, loan information, floor plan blueprints, NHD report, and title report. Offers should be submitted in writing and include proposed purchase price, financing terms or evidence of all-cash capability, proposed timeline, and a brief statement of relevant experience. The Owner reserves the right to negotiate with one or more parties simultaneously. CONTACT Jake Anthony | Partner / Associate Broker | DRE# 02059020 jake@mnmpartnersllc.com | 650-222-8626 Michael J. Anthony, CCIM | Managing Partner / Broker | DRE# 00819426