20
See all 20 photos
$1,750,000
Est. payment /mo
5,623 Sqft Lot
New
50 Cleveland AVE San Jose, CA 95128
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82049083
HOA Y/N No
Year Built 1957
Annual Tax Amount $29,354
Lot Size 5,623 Sqft
Property Description
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 desirable Burbank neighborhood of unincorporated Santa Clara County, just moments from Downtown San Jose. Importantly, the property is not subject to 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, offering a highly efficient and desirable unit mix with strong demand from Silicon Valley renters. Ideally positioned near Santana Row, Valley Fair, and major transportation corridors, the property provides convenient access to the region's leading employment, shopping, dining, and entertainment destinations. With its central Silicon Valley location, favorable rent control positioning, and attractive 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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R1-N2
Interior
Cooling None
Fireplace No
Exterior
Carport Spaces 5
Roof Type Composition
Schools
School District Other
Others
Tax ID 27417083
Special Listing Condition Standard
Listed by Mitchell Zurich Marcus & Millichap #01870648
NEARBY SCHOOL & BUSINESS
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