1405 Central Avenue, Alameda, CA 94501
Turnkey four-unit residence with shared garden and one assigned parking space per unit in Alameda.
- Added:
- Jun 18, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 26 at 2:20 am
Property Features for 1405 Central Avenue
General Information
- Standard status
- Active
- Size
- 3,247 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1905
Listing office Realty One Group Infinity (408) 807-3409
Listing date Jun 18, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Infinity
HighLights
- Turnkey 4‑unit property with 3,247 SF of living space
- Year built: 1905
- Shared garden area at the back of the building plus one assigned parking space per unit
- Located in Alameda on Central Ave, within walking distance to Franklin Park
- Near Hwy 880 and public transit including bus lines and ferry for commuting access
- Part of Alameda Unified School District
Overview
Located on Central Avenue in Alameda, the property is described as being within a well-established community close to retail and restaurants. Residents can walk to Franklin Park, with additional commute options noted near Highway 880, bus lines, and the ferry.
The tenant experience is further supported by the property’s proximity to established neighborhood amenities and commute routes. Buyers and operators may also take into account that the property is part of the Alameda Unified School District. Bike Score 84 and Walk Score 81 are provided in the remarks, reinforcing walkable access to nearby conveniences and transit options.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.6k | $51.00 |
| − Vacancy | −$9.9k | −$3.05 |
| EGI | $155.7k | $47.95 |
| − OpEx | −$46.7k | −$14.39 |
| NOI | $109.0k | $33.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Alameda
- County
- Alameda
- State
- California
- Longitude
- -122.2618011
- Latitude
- 37.7711684
