1405 Central Avenue, Alameda, California 94501, Alameda, 94501 - 0 bed, 0 bath
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Alameda, California 94501
This Turnkey Quadruplex represents a Strong Value Opportunity, listed at $1,799,000—positioned above the $1,694,317 Fair Market Value. While priced at a premium, the property offers exceptional stability with a Condition Rating of 3, featuring well-maintained interiors and assigned parking for every unit. Located in the prestigious Alameda Unified School District near top-rated schools like Franklin Elementary and Alameda High, this asset provides long-term appreciation potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand, transit-oriented rental property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1405 Central Avenue Subject | $1,799,000* List Price | 0 | 0 | 3,247 | $522 | - |
A 1822 Clinton Ave Sold | $1,650,000 | 0 | 0 | 3,670 | $450 | 0.5 mi |
B 2135 Buena Vista Ave Pending | $1,600,000 List Price | 0 | 0 | 3,028 | $528 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1905, the property is marketed as 'turnkey' and interior photos show well-maintained hardwood floors, fresh paint, and updated trim. The building appears functional and move-in ready for tenants, suggesting consistent maintenance or a renovation within the 5-15 year range, despite the age of the structure.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Boasting high Walk and Bike Scores, the property is ideally situated near Franklin Park, local retail, and major commute options including the ferry and Highway 880.
This well-maintained quadruplex offers 3,247 sqft of turnkey living space with the rare benefit of assigned parking for every unit, ensuring steady rental demand and stability.
Originally built in 1905, the property may require more intensive long-term maintenance or specialized repairs typical of historic structures, despite its current turnkey status.
The list price of nearly $1.8M represents a significant capital investment that may result in lower immediate cash-on-cash returns for investors compared to other East Bay submarkets.
This turnkey 4-unit property offers 3,247 square feet of living space, in a well-established community in the heart of Alameda on charming tree-lined Central Ave. Residents enjoy easy access to a variety of retail and restaurants. Walk to Franklin Park. Ideally located near highway 880, bus lines, and ferry for easy commute. Steady rental demand and stability for investors and future appreciation potential. Back of the building features a shared garden area and one assigned parking space for each unit. The property is part of the highly desirable Alameda Unified School District. Bike Score 84 and Walk Score 81. This presents a rare opportunity to own a multi-unit property in one of the most desireable neighborhoods in the Easty Bay.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades 4-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,247 | 2,947 | 57% |
| Lot Size | 7,492 | 6,300 | 76% |
| Price | $1.80M | $1.13M | 86% |
| Price per sq ft | $554 | $450 | 76% |
| Built year | 1905 | 1905 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 209 | 5% |
May 20, 2026
$1,799,000
Initial Listing
Apr 20, 2011
$400,000
Public Record