47 Cleveland Avenue, San Jose, CA 95128

• 3,492 sqft

Property Description

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.

Listing Status:

Active

Date Added:

May 19, 2026

Data Last Updated:

May 20, 2026 at 6:16AM

Listing Office:

Compass : (415) 345-3000

Listing Agent:

Tony Zizzo : 650-770-8356

MLS ID:

ML82047894

Interior

• Flooring: Tile
• A/C:
• Heating: Wall Furnace
• Disability Feature: Other

Exterior

• Parking: CarportUncoveredParking spaces: 4

Construction

• Roofing: FlatShingle
• General: 2Concrete Perimeter

Location

• Originating MLS: CRMLS_MLSL
• School District: Other
• County: Santa Clara

Lot

• Zoning: R1-N227417081

Utilities

• Sewer: Private Sewer

Financial

• Source: CRMLS_MLSL