Turnkey Four-Unit Residential
1405 Central AVE Alameda, CA 94501
1405 Central AVE, Alameda, CA, 94501
$1,699,000
For Sale
$1,699,000
MULTI_FAMILY - ALAMEDA, CA
Property Size3,247 SF
Lot Size0.17 Acres
Price / SF$523.25
Days on Market8
Property Features for 1405 Central AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 7
- Rooms
- Bedroom 4, Bedroom 6, Bedroom 2, Bedroom 7, Bedroom 3, Bedroom 5, Bedroom 1
- Parking
- 4
- Parking features
- Assigned
- Standard status
- Active
- Size
- 3,247 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Natural Gas, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1905
- Number of units
- 4
- Roof type
- Composition
Listing Agency
Realty One Group Infinity
(408) 377-2700
307 Orchard City Drive, Ste 112, Campbell, CA
Listed by
Pierre Malak · License #01374262
(408) 807-3409
Added: Jul 10 Checked: Jul 17 at 1:06 pm
MLS# ML82047983
Listing URL
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Turnkey four-unit residential property totaling 3,247 square feet of living space. The back of the building includes a shared garden area, and each unit is assigned one parking space.
Located at 1405 Central Ave in Alameda, the property sits in a well-established community and is described as being within walking distance of Franklin Park. Public remarks also note easy access to retail and restaurants, as well as commuting options via nearby Highway 880, bus lines, and the ferry.
The property is designated R4 zoning and is described as part of the Alameda Unified School District. Public remarks cite Walk Score 81 and Bike Score 84.
Located at 1405 Central Ave in Alameda, the property sits in a well-established community and is described as being within walking distance of Franklin Park. Public remarks also note easy access to retail and restaurants, as well as commuting options via nearby Highway 880, bus lines, and the ferry.
The property is designated R4 zoning and is described as part of the Alameda Unified School District. Public remarks cite Walk Score 81 and Bike Score 84.
Key Highlights
- 4‑unit property with 3,247 sq ft of living space in Alameda on Central Ave
- Year built 1905; composition roof; public water service
- Each unit includes 1 assigned parking space; back of building offers a shared garden area
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 |
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey four-unit property with shared garden area and one assigned parking space per unit.
Where is this quadplex located?
The property is located at 1405 Central AVE 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: 4‑unit property with 3,247 sq ft of living space in Alameda on Central Ave; Year built 1905; composition roof; public water service; Each unit includes 1 assigned parking space; back of building offers a shared garden area
