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50 Cleveland Ave
San Jose, CA 95128
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Exempt from the City of San Jose Apartment Rent Ordinance
- Potential for future rental upside through strategic interior and exterior improvements
- Prim location with quick access to Santana Row, Valley Fair, Downtown San Jose, and major commute corridors
Executive Summary
Offering Memorandum available upon request.
The Zurich Group of Marcus & Millichap is pleased to present 50 Cleveland Avenue, an eight-unit multifamily investment opportunity located in the highly desirable Burbank neighborhood of unincorporated Santa Clara County. Importantly, the property is exempt from the City of San Jose Apartment Rent Ordinance, providing investors with greater operational flexibility than many competing multifamily assets located within San Jose city limits.
The property consists entirely of one-bedroom, one-bathroom units and is ideally positioned near Santana Row, Valley Fair, Downtown San Jose, and major Silicon Valley employment centers. The highly desirable location, coupled with the efficient unit mix, provides strong appeal to both tenants and investors alike.
With its favorable rent control positioning, central Silicon Valley location, and desirable all one-bedroom configuration, 50 Cleveland Avenue represents a compelling long-term investment opportunity. Buyer shall independently verify all information, including rent control status, unit count, square footage, lot size, zoning, permits, financial information, and all other property details.
The Zurich Group of Marcus & Millichap is pleased to present 50 Cleveland Avenue, an eight-unit multifamily investment opportunity located in the highly desirable Burbank neighborhood of unincorporated Santa Clara County. Importantly, the property is exempt from the City of San Jose Apartment Rent Ordinance, providing investors with greater operational flexibility than many competing multifamily assets located within San Jose city limits.
The property consists entirely of one-bedroom, one-bathroom units and is ideally positioned near Santana Row, Valley Fair, Downtown San Jose, and major Silicon Valley employment centers. The highly desirable location, coupled with the efficient unit mix, provides strong appeal to both tenants and investors alike.
With its favorable rent control positioning, central Silicon Valley location, and desirable all one-bedroom configuration, 50 Cleveland Avenue represents a compelling long-term investment opportunity. Buyer shall independently verify all information, including rent control status, unit count, square footage, lot size, zoning, permits, financial information, and all other property details.
Property Facts
| Price Per Unit | $304,122 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.09% | Lot Size | 0.13 AC |
| Gross Rent Multiplier | 10.84 | Building Size | 3,736 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 2.14/1,000 SF |
| Zoning | R1N2 | ||
| Price Per Unit | $304,122 CAD |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| Gross Rent Multiplier | 10.84 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,736 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 2.14/1,000 SF |
| Zoning | R1N2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
Property Taxes
| Parcel Number | 274-17-083 | Improvements Assessment | $669,572 CAD |
| Land Assessment | $257,545 CAD | Total Assessment | $927,117 CAD |
Property Taxes
Parcel Number
274-17-083
Land Assessment
$257,545 CAD
Improvements Assessment
$669,572 CAD
Total Assessment
$927,117 CAD
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