45 Cleveland Ave, San Jose, CA 95128
- $1,788,000
- List Price
- $1,788,000
- Status
- ACTIVE
- MLS#
- 41145196
- Year Built
- 1959
- Lot Size
- 5,625
- Acres
- 0.13
- Lot Location
- Street Level
- Days on Market
- 26
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Neighborhood
- Other
Property Description
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 individually or together as a rare 8-unit portfolio opportunity.
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Additional Information
- Heat
- See Remarks
- Cooling
- Yes
- Cooling Description
- See Remarks
- Exterior Construction
- Brick Veneer, Stucco, Wood Siding
- Roof
- Shingle
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $129,060
- Operating Expense
- 35067
Listing courtesy of Listing Agent: Scott Nguyen (scott@moso.com) from Listing Office: MOSO Real Estate.
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