Description

Fantastic multifamily investment opportunity in a desirable unincorporated Santa Clara County location, offering flexibility outside the City of San Jose's Apartment Rent Ordinance. Ideally situated less than a mile from Santana Row and Westfield Valley Fair, with easy access to Downtown San Jose, major freeways, and top Silicon Valley employers. This well-located 4-unit building features a classic, consistent unit mix with the majority of units supported by stable Section 8 (HAP) income — a great option for investors seeking dependable cash flow. Some units have been updated, and additional income is generated through on-site coin-operated laundry. Roof replaced in 2020. Ample parking adds to the appeal. This is one of two nearly identical, adjacent 4-unit buildings available — offered individually or together as a rare 8-unit portfolio opportunity.

Property details

Year built

1959

Property type

Residential Income

Lot size

5,625 sqft

Location

47 Cleveland Ave • San Jose, CA 95128

More homes for sale and rent in San Jose, CA →

Listed by

Scott Nguyen · MOSO Real Estate

Similar Listings

Recent sales near 47 Cleveland Ave

330 Arleta Avenue: Sold $1,200,000 · 1,300 sqft · Jun 2026 · 0.1 mi
GiantRock Inc | DRE #01902180
Buyer's agent: Tejveer Yadav | DRE #01921616
139 Brooklyn Ave: Sold $1,100,000 · 4 bd · 3 ba · 1,601 sqft · Jun 2026 · 0.1 mi
Keller Williams Realty | DRE #01128525
Buyer's agent: Swarna Dandapani, Coldwell Banker Realty | DRE #02137922
365 Laswell Avenue: Sold $825,000 · 2 bd · 1 ba · 792 sqft · Jul 2026 · 0.2 mi
Tuscana Properties | DRE #01847009
Buyer's agent: Marci Bosse Risoen, Momentum Realty | DRE #02338009
458 Laswell Avenue: Sold $1,250,000 · 3 bd · 2 ba · 1,495 sqft · Apr 2026 · 0.3 mi
ROI Real Estate | DRE #02160130
Buyer's agent: Wallace Chane, Metis Real Estate, Inc. | DRE #01517596
425 Rutland Avenue: Sold $1,035,000 · 2 bd · 1 ba · 952 sqft · Apr 2026 · 0.3 mi
North and Main Homes | DRE #01902881
Buyer's agent: Petronela Nicolae, Berkshire Hathaway HomeServices DrysdaleProperties | DRE #02390012
420 Rutland Avenue: Sold $1,250,000 · 2 bd · 1 ba · 1,949 sqft · Jul 2026 · 0.3 mi
ROI Real Estate | DRE #02013579
Buyer's agent: Petronela Nicolae, Berkshire Hathaway HomeServices DrysdaleProperties | DRE #02390012
513 Leland Avenue: Sold $1,350,000 · 3 bd · 2 ba · 1,273 sqft · Aug 2026 · 0.4 mi
Coldwell Banker Realty | DRE #01329782
Buyer's agent: Emily Fang, Christie's International Real Estate Sereno | DRE #01854906
400 Hodges Avenue: Sold $1,650,000 · 5 bd · 4 ba · 1,832 sqft · Jul 2026 · 0.5 mi
Intero Real Estate Services | DRE #01184960
Buyer's agent: Russ Paige, Intero Real Estate Services | DRE #01184960

Closed sales reported in 95128, nearest first, last 12 months. All recent sales in San Jose →

Residential Income - 47 Cleveland Ave, San Jose, CA