47 Cleveland Ave, San Jose, CA 95128

Property 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.