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50 Cleveland Ave
San Jose, CA 95128
Immeuble residentiel Propriété À vendre
·
8 Unités


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Faits saillants de l'investissement
- 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
Résumé de l'annonce
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.
Faits sur la propriété
| Prix par unité | 304 122 $ CAD | Style d’appartement | De faible hauteur |
| Type de vente | Investissement | Classe d’immeuble | C |
| Taux de capitalisation | 6,09% | Taille du lot | 0,13 AC |
| Multiplicateur du loyer brut | 10.84 | Taille du bâtiment | 3 736 pi² |
| Nombre d’unités | 8 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1957 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 2,14/1 000 pi² |
| Zonage | R1N2 | ||
| Prix par unité | 304 122 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,09% |
| Multiplicateur du loyer brut | 10.84 |
| Nombre d’unités | 8 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,13 AC |
| Taille du bâtiment | 3 736 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1957 |
| Ratio de stationnement | 2,14/1 000 pi² |
| Zonage | R1N2 |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 8 | - | - |
Impôts fonciers
| Numéro de lot | 274-17-083 | Évaluation des bâtiments | 669 572 $ CAD |
| Évaluation du terrain | 257 545 $ CAD | Évaluation totale | 927 117 $ CAD |
Impôts fonciers
Numéro de lot
274-17-083
Évaluation du terrain
257 545 $ CAD
Évaluation des bâtiments
669 572 $ CAD
Évaluation totale
927 117 $ CAD
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