Active

47 Cleveland Avenue

San Jose, CA 95128

$1,850,000 $7,799/Mo

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Overview

Bed

Bath

3,492

Sqft

5,625

Sqft(Lot)

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 inclu de 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.

Property Details

Property Type : Residential Income

Price : $1,850,000

AD Id : 78916284

MLS Id : ML82047894

Beds : 8

Lot Size : 5,625 Sqft

Living Area Size : 3,492

Year Built : 1959

County : Santa Clara

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0

Water/Sewer

Sewer: Private Sewer
Interior Features

Roof: Flat,Shingle Flooring: Tile
Cooling Features

Air Conditioning

Heating Source

Wall Furnace Has Heating

Building Information

Year Built: 1959 Building Area Total: 3,492 Roof: Flat,Shingle
Foundation

Concrete Perimeter
Accessibility Features

Other

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1291
Lot Size Source: Assessor Lot Size Square Feet: 5625

Listing Price Information

Original List Price: 1,850,000 Listing Contract Date: 2026-05-19
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 27417081 Annual Tax: 23956

Garage and Parking

Garage Description: Carport,Uncovered

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 699 - Not Defined Zoning: R1-N2 Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Quadruplex
Building and Construction

Property Age: 67 Structure Type: Quadruplex Year Built Source: Assessor Total Square Feet Living: 3492

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
407 Raymond Avenue, San Jose, CA, 95128	$1,288,000	4	--	2,080	2,080 SqFt
45 Cleveland Avenue, San Jose, CA, 95128	$1,850,000	8	--	3,492	3,492 SqFt
2469 Olive Avenue, San Jose, CA, 95128	$1,925,000	8	--	3,304	3,304 SqFt
932 Princess Anne Drive, San Jose, CA, 95128	$1,299,950	4	--	1,692	1,692 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
N Daniel Way, San Jose, CA, 95128	$1,550,000	4	--	1,638	1,638 SqFt
Residential Income, San Jose, CA, 95128	$3,350,000	5	--	2,390	2,390 SqFt
29492951 Driftwood Drive, San Jose, CA, 95128	$1,850,000	--	--	3,342	3,342 SqFt

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ByOwner last updated this listing 06/15/2026 @ 23:14

MLS: ML82047894 LISTED BY: Tony Zizzo, Compass 415-345-3000 SOURCE: CRMLS