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$ 1,788,000
Est. payment /mo
New
45 Cleveland Ave San Jose, CA 95128
5,623 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41145196
HOA Y/N No
Year Built 1959
Lot Size 5,623 Sqft
Property Sub-Type Quadruplex
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.
Location
State CA
County Santa Clara
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Parking Features Carport, On Street
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description Street Level
Others
Tax ID 27417082
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by Scott Nguyen MOSO Real Estate #01824904
NEARBY SCHOOL & BUSINESS
Tafoya Real Estate | Real Broker
Broker | License ID: DRE# 01493993 | BRE# 02022092