Four-Unit Residential Building with
For Sale
$1,550,000
1405 Central Avenue, Alameda, CA 94501
Turnkey four-unit property with shared garden and one assigned parking space per unit.
Property Size3,247 SF
Price / SF$477.36
Days on Market166
Property Features for 1405 Central Avenue
General Information
Standard status
Active
Size
3,247 SF
Total Parking Spaces
4
Property subtype
Quadruplex
Site & Location
Neighborhood
Marina Cove
Highway Access
Yes
Additional Details
Multifamily Units
4
Amenities
shared garden area
Building Details
Building Size
3,247 SF
Year Built
1905
Tenancy
Multi
Listing Agency:
Realty One Group Infinity
Listed By:
Pierre Malak, · License #01374262
(408) 807-3409
Source:
Annnewtoncane
Added: May 20
Changed: Oct 31
Last Checked: Nov 1 at 2:08PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$108,986
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,179,720
$2.2M
Cap Rate 7%
$1,556,943
$1.6M
Cap Rate 9%
$1,210,956
$1.2M
Market Conditions
NOI Build-Up for 3,247 SF
Gross rent
$165.6K $51.00/SF
− Vacancy
−$9.9K −$3.05/SF
EGI
$155.7K $47.95/SF
− OpEx
−$46.7K −$14.39/SF
NOI
$109.0K $33.57/SF
Area
Alameda County, CA
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,179,720
Cap Rate 7%
$1,556,943
Cap Rate 9%
$1,210,956
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.36M – $1.82M
NOI $108,986 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$671.9K
$588.0K – $783.9K
NOI $47,036 @ 7.0% cap · market cap 3.03%
Theoretical Best
Retail
$14.80M
$12.95M – $17.27M
NOI $1,036,204 @ 7.0% cap · market cap 66.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
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Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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 $1,550,000.
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
