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47 Cleveland Avenue, 
San Jose, CA 95128

$1,850,000


Bed


Bath


3,492

Sq Ft


Multi-Family

Active

Listed by

Tony Zizzo

Compass

Last updated:

May 25, 2026, 04:38 PM

MLS#

82047894

Source:

CAREIL

About This Home

47 Cleveland Avenue

Property NOT bound by City Rent Control. 47 Cleveland Avenue is a well-maintained (4) 2-bed / 1-bath 4plex totaling 3,492 SF, available individually or alongside its side-by-side twin at 45 Cleveland Ave as an 8-unit portfolio. The property is positioned less than 1 mile from Santana Row and Westfield Valley Fair, with quick access to Downtown San Jose, major freeways, and top Silicon Valley employers including Nvidia, Intel, Cisco, and ServiceNow. A key advantage for investors: the property sits in an unincorporated pocket of the Burbank neighborhood and is not subject to the City of San Jose's Apartment Rent Ordinance. Instead, it falls under Santa Clara County's framework and California's AB 1482, offering meaningfully more flexibility on annual rent adjustments. Interior upgrades include updated kitchens with full-size ranges, modern laminate flooring, recessed lighting, and renovated bathrooms. Both interior and exterior have been freshly painted. Additional income comes from on-site coin-operated laundry, and tenants benefit from a combination of surface and covered parking. Whether viewed as a stand-alone cash-flow asset or part of an 8-unit Silicon Valley acquisition, 47 Cleveland Avenue offers a rare entry point into one of the Bay Area's most competitive rental markets.

Home Facts

Multi-Family

Built in 1959

Price Summary

1,850,000

$529 per Sq. Ft.

MLS #:

82047894

Last Updated:

May 25, 2026, 04:38 PM

Added:

7 day(s) ago


Rooms & Interior

Interior

Living Area:

3,492 Sq. Ft.


Structure

Structure

Building Area:

3,492 Sq. Ft.

Year Built:

1959


Lot

Lot Size (Sq. Ft):

5,625


Finances & Disclosures

Finances

Price:

$1,850,000

Price per Sq. Ft:

$529 per Sq. Ft.

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.