This is a prime commercial property located in the heart of Alameda, CA. This multi-unit building boasts a spacious floor plan of over 7,000 sq. ft. and offers ample 3 strong performing first floor retail units, and 10 dormitory style residential studio units on the second floor. Situated on a bustling street, the property benefits from high visibility, foot traffic, 14,000 vehicle traffic per day, making it an ideal location for businesses looking to establish a presence in the area. The residential units share a coin operated laundry site, kitchenette space, and 4 bathrooms. The shared spaces could be updated to increase rents even further. The 3 retail units are on NNN leases with 3-5% increases per year and option periods of 5 years. The property is currently operating at a 4.38% cap rate with actual expenses included. With moderate improvements a savvy investor could reap the benefits of a realistic pro forma 6.46% cap rate. Don't miss this exceptional opportunity!