Prime Investment Opportunity! This stunning Mixed-Use Property on two parcels boasts a thriving Fitness Center on the first floor and mezzanine level, offering a secure income stream with a long-term lease until May 31, 2027, plus a 5-year lease extension option. The first level offers very large sidewalk side windows with high ceilings and wood floors. It also includes an ADA rest room and a shower. With spacious residential units on the second floor, including a mix of 2-bedroom/2-bath, 2-bedroom/1-bath, and 1-bedroom/1-bath layouts, this property offers diverse rental income potential. The units are in very good condition and have been renovated over the years. The first floor offers the residential tenants a co-op washer and dryer. Don't miss the chance to invest in this property's expansive basement and convenient rear parking spaces accessed from Oak Street. The location is something that makes this property very special. It is near City Hall, the city parking structure, the historic Alameda Theater, along with many restaurants and retail spaces. PRICE JUST REDUCED TO $1,920,000. MOTIVATED SELLER