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Listed by Mitchell Zurich • Marcus & Millichap, DRE#01870648
Bought with Mitchell Zurich • Marcus & Millichap
Bought with Mitchell Zurich • Marcus & Millichap
$ 1,600,000
$ 1,750,000 8.6%
Est. payment /mo
Sold on 07/02/2026
50 Cleveland AVE San Jose, CA 95128
1 Bed
1 Bath
3,761 SqFt
UPDATED:
Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,761 sqft
Price per Sqft $425
MLS Listing ID ML82049083
Sold Date 07/02/26
Bedrooms 1
Full Baths 1
Year Built 1957
Lot Size 5,625 Sqft
Property Sub-Type Five or More Units
Property Description
Offering Memorandum available upon request - The Zurich Group of Marcus & Millichap is pleased to present 50 Cleveland Avenue, an eight-unit multifamily investment opportunity located in the desirable Burbank neighborhood of unincorporated Santa Clara County, just moments from Downtown San Jose. Importantly, the property is not subject to the City of San Jose Apartment Rent Ordinance, providing investors with greater operational flexibility than many competing multifamily assets located within San Jose city limits. The property consists entirely of one-bedroom, one-bathroom units, offering a highly efficient and desirable unit mix with strong demand from Silicon Valley renters. Ideally positioned near Santana Row, Valley Fair, and major transportation corridors, the property provides convenient access to the region's leading employment, shopping, dining, and entertainment destinations. With its central Silicon Valley location, favorable rent control positioning, and attractive all one-bedroom configuration, 50 Cleveland Avenue represents a compelling long-term investment opportunity. Buyer shall independently verify all information, including rent control status, unit count, square footage, lot size, zoning, permits, financial information, and all other property details.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning R1-N2
Interior
Heating Other
Cooling None
Exterior
Parking Features Assigned Spaces
Utilities Available Individual Electric Meters
Roof Type Composition
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Water On Site
Others
Restrictions None
Tax ID 274-17-083
Security Features None
Special Listing Condition Not Applicable
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