Four-Unit Residential Building with
1405 Central Avenue Alameda, CA 94501
For Sale
$1,699,000
Turnkey four-unit property with shared garden and one assigned parking space per unit.
Property Size3,247 SF
Price / SF$523.25
Days on Market71
Property Features for 1405 Central Avenue
General Information
Standard status
Active
Size
3,247 SF
Property subtype
Quadruplex
Building Details
Year Built
1905
Listing Agency:
Realty One Group Infinity
(408) 807-3409
Listed By:
Pierre Malak, · License #01374262
Source:
Annnewtoncane
Added: May 20
Changed: Jul 28
Last Checked: Jul 29 at 10:44AM
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
Investment Insights
Based on property information with market context.
This turnkey four-unit residential income property includes 3,247 square feet of living space. The building offers a shared garden area in the back and one assigned parking space for each unit.
Located in Alameda on charming, tree-lined Central Avenue, residents have easy access to retail and restaurants and can walk to Franklin Park. The property is near highway 880, as well as bus lines and the ferry for commuting convenience.
The offering is also described as part of the Alameda Unified School District. Bike Score 84 and Walk Score 81 are noted in the property remarks.
Located in Alameda on charming, tree-lined Central Avenue, residents have easy access to retail and restaurants and can walk to Franklin Park. The property is near highway 880, as well as bus lines and the ferry for commuting convenience.
The offering is also described as part of the Alameda Unified School District. Bike Score 84 and Walk Score 81 are noted in the property remarks.
Key Highlights
- Turnkey 4‑unit property built in 1905 with 3,247 SF of living space
- Shared garden area located at the back of the building
- One assigned parking space per unit
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 |
3,247 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.36M – $1.82M
NOI $108,986 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$671.9K
$588.0K – $783.9K
NOI $47,036 @ 7.0% cap · market cap 2.77%
Theoretical Best
Retail
$14.80M
$12.95M – $17.27M
NOI $1,036,204 @ 7.0% cap · market cap 60.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey four-unit property with shared garden and one assigned parking space per unit.
Where is this quadplex located?
The property is located at 1405 Central Avenue Alameda, CA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Turnkey 4‑unit property built in 1905 with 3,247 SF of living space; Shared garden area located at the back of the building; One assigned parking space per unit
