47 Cleveland Avenue, San Jose, CA 95128
List Price: $1.85M
Listing Status: Active
0Days on Market: 15
0 Bedrooms · 0 Bathrooms · 3,492 sq ft
Property Type: ResidentialIncome
Year Built: 1959
Lot Size: 5,625 sq ft
Annual Property Tax: $23,956
MLS Number: ML82047894
About This Property
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.
Listing provided by: Tony Zizzo DRE #01962093 (415) 345-3000 tony.zizzo@compass.com, Compass
Source: CRMLS, MLS #: ML82047894