45 Cleveland Ave, San Jose, CA
8 bd · 4 ba · 3,492 sqft Multi-Family listed at $1,850,000, built in 1959.
About this home
Property not bound by city rent control! 45 Cleveland Avenue is a well-maintained (4) 2-bed / 1-bath 4plex totaling 3,492 SF, available individually or alongside its side-by-side twin at 47 Cleveland Ave as an 8-unit portfolio. The property is positioned less than 1 mile from Santana Row and Westfield Valley Fair, with quick access to Downtown San Jose, major freeways, and top Silicon Valley employers including Nvidia, Intel, Cisco, and ServiceNow. A key advantage for investors: the property sits in an unincorporated pocket of the Burbank neighborhood and is not subject to the City of San Jose's Apartment Rent Ordinance. Instead, it falls under Santa Clara County's framework and California's AB 1482, offering meaningfully more flexibility on annual rent adjustments. Interior upgrades include updated kitchens with full-size ranges, modern laminate flooring, recessed lighting, and renovated bathrooms. Both interior and exterior have been freshly painted. Additional income comes from on-site coin-operated laundry, and tenants benefit from a combination of surface and covered parking. Whether viewed as a stand-alone cash-flow asset or part of an 8-unit Silicon Valley acquisition, 45 Cleveland Avenue offers a rare entry point into one of the Bay Area's most competitive rental markets.
What it's like to live here
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Property details
- Price
- $1,850,000
- Bedrooms
- 8
- Bathrooms
- 4
- Interior
- 3,492 sqft
- Price / sqft
- $530
- Year built
- 1959
- Lot size
- 5,625 sqft
- Type
- Multi-Family
- Days on market
- 10
- Est. property tax
- $13,875/yr · $1,156/mo · 0.75% CA avg
- Last sold
- $448,000 · Jul 1999
Estimated monthly payment
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Location
This home is located in San Jose, CA, in the Silicon Valley area. Browse more San Jose listings on the San Jose market page or explore the full San Jose market report.
Home Intelligence
Neighborhood (zip 95128)
Median age is 38.6; 30% hold a bachelor's degree; 44% of homes are owner-occupied; median household income is $117,284.
- Median income
- $117,284
- Median age
- 38.6
- Owner-occupied
- 44.3%
- Bachelor's degree
- 30.0%
- Census median home value
- $1,201,800
Source: US Census Bureau American Community Survey 5-year estimates.
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