Quadplex with Shared
For Sale
$1,575,000
1405 Central AVE, Alameda, CA 94501
Residential Income (2-4 units), ALAMEDA, CA
Property Size3,247 SF
Lot Size0.17 Acres
Price / SF$485.06
Days on Market100
Property Features for 1405 Central AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
7
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 7, Bedroom 6, Bedroom 4
Parking
4
Parking features
Assigned
Subdivision
Alameda Map Area 3
Standard status
Active
Size
3,247 SF
Lot size
0.17 Acres
Utilities
Heating system
Electric (Heating), Natural Gas
Water source
Public
Amenities
shared garden area
Building Details
Year built
1905
Number of units
4
Roof type
Composition
Listing Agency:
Realty One Group Infinity
(408) 377-2700
Listed By:
Pierre Malak · License #01374262
(408) 807-3409
Added: Jul 10
Changed: Oct 17
Last Checked: Oct 17 at 8:06AM
MLS# ML82047983
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,247 square feet of living space on a 0.172-acre lot and was built in 1905. The improvements include composition roofing, public water service, and heating powered by natural gas and electricity. Each residence has one assigned parking space, while the rear of the building provides a shared garden area.
The property is located at 1405 Central AVE in Alameda, near retail, restaurants, Franklin Park, bus lines, ferry service, and highway 880. It is within the Alameda Unified School District and carries an R4 zoning designation. The surrounding area has a Walk Score of 81 and a Bike Score of 84.
The property is located at 1405 Central AVE in Alameda, near retail, restaurants, Franklin Park, bus lines, ferry service, and highway 880. It is within the Alameda Unified School District and carries an R4 zoning designation. The surrounding area has a Walk Score of 81 and a Bike Score of 84.
Key Highlights
- 3,247 square feet of living space across 4 residential units
- 0.172‑acre lot with a shared garden area at the rear
- One assigned parking space for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,986
Cap Rate
6.92%
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 6.92%
Second Best
Apartment 5plus
$671.9K
$588.0K – $783.9K
NOI $47,036 @ 7.0% cap · market cap 2.99%
Theoretical Best
Retail
$14.80M
$12.95M – $17.27M
NOI $1,036,204 @ 7.0% cap · market cap 65.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road 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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - R4-zoned four-unit property with assigned parking serving each residence.
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 $1,575,000.
What are key features of this property?
This property features: 3,247 square feet of living space across 4 residential units; 0.172‑acre lot with a shared garden area at the rear; One assigned parking space for each unit
