47 Cleveland AVE, San Jose, CA 95128
47 Cleveland AVE, San Jose, CA 95128
47 Cleveland AVE, San Jose, CA 95128
47 Cleveland AVE, San Jose, CA 95128
47 Cleveland AVE, San Jose, CA 95128
47 Cleveland AVE, San Jose, CA 95128
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Lynsie Gridley

Lynsie Gridley

+1(408) 314-1315
Listed by Tony Zizzo • Compass, DRE#01962093
$ 1,850,000
Est. payment | /mo

8 Beds

4 Baths

3,492 SqFt

Save
$ 1,850,000
Est. payment | /mo
Save

8 Beds

4 Baths

3,492 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,492 sqft

Price per Sqft $529

MLS Listing ID ML82047894

Bedrooms 8

Full Baths 4

Year Built 1959

Lot Size 5,625 Sqft

Property Sub-Type Fourplex

Property Description

Property NOT bound by City Rent Control. 47 Cleveland Avenue is a well-maintained (4) 2-bed / 1-bath 4plex totaling 3,492 SF, available individually or alongside its side-by-side twin at 45 Cleveland Ave as an 8-unit portfolio. The property is positioned less than 1 mile from Santana Row and Westfield Valley Fair, with quick access to Downtown San Jose, major freeways, and top Silicon Valley employers including Nvidia, Intel, Cisco, and ServiceNow. A key advantage for investors: the property sits in an unincorporated pocket of the Burbank neighborhood and is not subject to the City of San Jose's Apartment Rent Ordinance. Instead, it falls under Santa Clara County's framework and California's AB 1482, offering meaningfully more flexibility on annual rent adjustments. Interior upgrades include updated kitchens with full-size ranges, modern laminate flooring, recessed lighting, and renovated bathrooms. Both interior and exterior have been freshly painted. Additional income comes from on-site coin-operated laundry, and tenants benefit from a combination of surface and covered parking. Whether viewed as a stand-alone cash-flow asset or part of an 8-unit Silicon Valley acquisition, 47 Cleveland Avenue offers a rare entry point into one of the Bay Area's most competitive rental markets.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning R1-N2

Interior

Heating Wall Furnace

Cooling Other

Flooring Tile, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Carport , Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Shingle

Building

Story 2

Foundation Concrete Perimeter, Crawl Space, Raised

Sewer Sewer - Private

Water Private / Mutual

Level or Stories 2

Others

Tax ID 274-17-081

Security Features Other

Horse Property No

Special Listing Condition Not Applicable

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Lynsie Gridley
Lynsie Gridley

Realtor®️ | License ID: 01349340

+1(408) 314-1315 | lynsie@lynsiegridley.com

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47 Cleveland AVE