52 Cleveland AVE, San Jose, CA 95128

$1,898,000
2,839
SqFt

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List Price
$1,898,000
MLS#
ML82057755
Status
ACTIVE
Property Type
com
Sqft. of Residence
2,839
Lot Size
5,625
Listing Area
Central San Jose
Year Built
1960

Property Description

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.

Additional Information

Age
66
Cooling System
None
Foundation
Concrete Perimeter
Garage Parking
Carport
Heating System
Gas
Living Area
2,839
Lot Size
5,625
Neighborhood
Central San Jose
Other Utilities
Public Utilities
Roof
Rolled Composition
Sewer
Sewer - Public
Special Features
None
Unincorporated Yn
Yes
Zoning
R1-N2

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Eymon Binesh from Marcus & Millichap. 650-546-1030

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