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Emil Soleyman

emil@emilrealestate.com +1(209) 500-8589

Listed by Mitchell Zurich, DRE #01870648 • Marcus & Millichap

$1,750,000

Est. payment - /mo

1 Bed

1 Bath

3,761 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,761 sqft

Price per Sqft $465

MLS Listing ID ML82049083

Bedrooms 1

Full Baths 1

Year Built 1957

Lot Size 5,625 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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 Central San Jose

Zoning R1-N2

Interior

Heating Other

Cooling None

Exterior

Parking Features Assigned Spaces

Utilities Available Individual Electric Meters

Roof Type Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer Connected

Water Water On Site

Others

Tax ID 274-17-083

Special Listing Condition Not Applicable

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50 Cleveland AVE San Jose, CA 95128