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About the Listing ML5012166 - ML5085268,ML5085267
Property not bound by city rent control! 45 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 47 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, 45 Cleveland Avenue offers a rare entry point into one of the Bay Area's most competitive rental markets.
Listing Highlights
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
ML82047891
Year Built
1959
Total Square Footage
3,492
Lot/Acreage
0.13
Interior Details
- Bedrooms: 8
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: R1-N2
- Roof: Flat,Shingle
- Others:
- Sewer: Private Sewer
- Parking Features: Carport,Uncovered
Financial Details
- Tax Amount: $23,956
- Taxes w/Assessments: N/A
- Tax/Property ID: 27417082
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
45 Cleveland Ave San Jose, CA 95128
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