Log In/Sign Up
Your email has been sent.
52 Cleveland Ave
San Jose, CA 95128
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Minutes from Westfield Valley Fair, Santana Row, Whole Foods & O'Connor Hospital, in the heart of Silicon Valley.
- Stabilized 6-unit property with in-place rents below market, offering strong upside potential for a new owner.
- Fully occupied with steady cash flow, ideal for investors seeking a low-maintenance, income-producing asset.
Executive Summary
Exceptional opportunity to acquire a fully occupied 6-unit apartment complex in West San Jose. Located at 52 Cleveland Avenue, the property features five 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, six attached parking spaces, and individually metered gas and electric service. Situated in an unincorporated pocket of Santa Clara County, the property is not subject to the City of San Jose's rent control ordinance, providing greater flexibility for long-term ownership. With rents near market levels and a prime location near Santana Row, Westfield Valley Fair, major employment centers, and key transportation corridors, 52 Cleveland Avenue offers investors stable in-place cash flow in one of Silicon Valley's most desirable rental markets.
Property Facts
| Price Per Unit | $439,956 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.03% | Building Size | 2,839 SF |
| Gross Rent Multiplier | 13.2 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.11/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R1N2 | ||
| Price Per Unit | $439,956 CAD |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Gross Rent Multiplier | 13.2 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,839 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2019 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | R1N2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $2,712 CAD | 550 |
| 2+1 | 1 | $3,894 CAD | 675 |
Property Taxes
| Parcel Number | 274-17-084 | Improvements Assessment | $1,520,197 CAD |
| Land Assessment | $1,658,398 CAD | Total Assessment | $3,178,596 CAD |
Property Taxes
Parcel Number
274-17-084
Land Assessment
$1,658,398 CAD
Improvements Assessment
$1,520,197 CAD
Total Assessment
$3,178,596 CAD
1 of 33
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
