Buy a propertyat 1906 Broadway, Alameda, CA 94501

Rare 6-unit, mixed-use investment consisted of one triplex, one duplex, and one NNN mortuary. The property was built in 1930, offers approximately 11,452 square feet of rental space, and sits on an oversized 38,901 square foot lot perfect for possible future development. The duplex and triplex have been updated over time and offer a mix of two bedroom and one-bedroom units with classic Victorian details, custom molding and tile, in-unit laundry, in-unit water heaters and more. The property is easy to manage, and the buildings are separately metered for both water and PG&E providing for low annual operating expenses. The mortuary is on a NNN lease until 2027 with automatic 3.5% annual rent increases. The mortuary is gorgeous inside and offers parking for over 50 cars on a lot that's approximately 35,000 square feet. The mortuary currently pays $11,283 per month and is responsible for all utility expenses, interior and exterior repairs, and 75% of taxes and special assessments. Truly a rare offering perfect for an extended family, owner-users, investors, or developers. This is an excellent Alameda location only a few buildings from the Nob Hill Foods shopping center and numerous restaurants, coffee shops, and parks.