4-Unit Quadplex with Shared
For Sale
$1,550,000
1405 Central Avenue, Alameda, CA 94501
ResidentialIncome, Alameda, CA
Property Size3,247 SF
Lot Size0.17 Acres
Price / SF$477.36
Days on Market155
Property Features for 1405 Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Parking
4
Parking features
Assigned
Elementary school
AlamedaCityUnified
High school
AlamedaCityUnified
Elementary school district
AlamedaCityUnified
High school district
AlamedaCityUnified
Subdivision
AlamedaMapArea3
Standard status
Active
APN
072-0344-019
Size
3,247 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
20000
Utilities
Heating system
Electric (Heating), Natural Gas
Water source
Public
Amenities
shared garden area
Building Details
Year built
1905
Floors in Building
2
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: May 20
Changed: Oct 21
Last Checked: Oct 21 at 4:06PM
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 parcel. The building dates to 1905 and has a composition roof, electric and natural gas heating, and public water. A shared garden occupies the rear of the building, with one assigned parking space for each unit. The property is zoned R4.
Located at 1405 Central Avenue in Alameda, the property is near retail and restaurants, with Franklin Park within walking distance. Highway 880, bus service, and ferry service are noted as nearby transportation options. The property is within Alameda Unified School District; its reported Walk Score is 81 and Bike Score is 84.
Located at 1405 Central Avenue in Alameda, the property is near retail and restaurants, with Franklin Park within walking distance. Highway 880, bus service, and ferry service are noted as nearby transportation options. The property is within Alameda Unified School District; its reported Walk Score is 81 and Bike Score is 84.
Key Highlights
- Four units with 3,247 square feet of living space
- 0.172‑acre parcel zoned R4
- Shared garden area behind the building
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - R4-zoned Alameda property includes a garden area and assigned parking for each residence.
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: Four units with 3,247 square feet of living space; 0.172‑acre parcel zoned R4; Shared garden area behind the building
