45 Cleveland Ave
San Jose, CA 95128
8
Bed
4
Bath
5,625Sqft(Lot)
Fantastic multifamily investment opportunity in a desirable unincorporated Santa Clara County location, offering flexibility outside the City of San Jose's Apartment Rent Ordinance. Ideally situated less than a mile from Santana Row and Westfield Valley Fair, with easy access to Downtown San Jose, major freeways, and top Silicon Valley employers. This well-located 4-unit building features a classic, consistent unit mix with the majority of units supported by stable Section 8 (HAP) income — a great option for investors seeking dependable cash flow. Some units have been updated, and additional income is generated through on-site coin-operated laundry. Roof replaced in 2020. Ample parking adds to the appeal. This is one of two nearly identical, adjacent 4-unit buildings available — offered in
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: SeeRemarks Has Cooling: Yes Cooling: SeeRemarks
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Building Information
Year Built: 1959Construction Materials: BrickVeneer, Stucco, WoodSidingPrivate Pool: No
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Lot Information
Main Square Feet: 5625 Lot Size Acres: 0.1291 Lot Size Square Feet: 5,625 Lot Description: StreetLevelProperty Information
Subdivision: Other Source Property Type: ResidentialIncome Property SubType: Quadruplex Property Age: 67
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Listing Price Information
Listing Price: $1788000Cash, Conventional, Exchange1031
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Tax Information
Parcel Number: 27417082
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Virtual Tour
Parking Information
Parking Total: 4 Carport, OnStreet
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Location Information
Direction: Cross Street: San Carlos.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 342344 Raymond Avenue, San Jose, CA, 95128 | $1,000,000 | 3 | -- | 1,512 | 1,512 SqFt |
| 318 Raymond, San Jose, CA, 95128 | $1,175,000 | 5 | 2 | -- | |
| 851 Leigh Avenue, San Jose, CA, 95128 | $1,825,000 | 10 | -- | 3,694 | 3,694 SqFt |
| 47 Cleveland Ave, San Jose, CA, 95128 | $1,788,000 | 8 | 4 | -- | |
| 28 Topeka Avenue, San Jose, CA, 95128 | $1,150,000 | 3 | -- | 1,276 | 1,276 SqFt |
| 915 Sherman Oaks Dr, San Jose, CA, 95128 | $2,350,000 | 6 | 3 | -- | |
| 926 Princess Anne Drive, San Jose, CA, 95128 | $1,198,000 | 4 | -- | 1,672 | 1,672 SqFt |
| 964 Princess Anne Drive, San Jose, CA, 95128 | $1,250,000 | 4 | -- | 1,592 | 1,592 SqFt |
| 584 Macarthur Avenue, San Jose, CA, 95128 | $875,000 | 2 | -- | 1,080 | 1,080 SqFt |
| 590 Macarthur Avenue, San Jose, CA, 95128 | $1,899,000 | 4 | -- | 2,804 | 2,804 SqFt |
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ByOwner last updated this listing 08/16/2026 @ 12:40
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