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Listed by Tony Zizzo • Compass
$1,850,000
Est. payment /mo
3,492 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,492 sqft
Price per Sqft $529
MLS Listing ID ML82047891
HOA Y/N No
Year Built 1959
Lot Size 5,625 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
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.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Cooling Other
Fireplace No
Laundry Coin Operated
Schools
School District Campbell Unified School District, Luther Burbank
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