52 Cleveland Ave - Apartments FOR SALE


San Jose, CA 95128- Burbank
$1,898,000 USD
650-546-1030
52 Cleveland Ave, San Jose, CA for Sale
$1,898,000 USD
Apartments - FOR SALE
1/32
null | 5.03% Cap Rate

52 Cleveland Ave
San Jose, CA 95128
Burbank


HIGHLIGHTS

  • Minutes from Westfield Valley Fair, Santana Row, Whole Foods & O'Connor Hospital, in the heart of Silicon Valley.
  • Fully occupied with steady cash flow, ideal for investors seeking a low-maintenance, income-producing asset.
  • Stabilized 6-unit property with in-place rents below market, offering strong upside potential for a new owner.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,898,000 USD

PRICE/SF

$669 USD /SF

# OF UNITS

6

PRICE/UNIT

$316,333

CAP RATE

5.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,625 SF

ZONING

R1N2

APN/PARCEL ID

274-17-084

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.