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.
For sale
$1,788,000
47 Cleveland Ave, San Jose, CA 95128
8beds
4baths
3,492sqft
Multi Family, Quadruplex
Built in 1959
-- sqft lot
$1,753,900 Zestimate®
$512/sqft
$-- HOA
What's special
Ample parkingOn-site coin-operated laundry
- 22 days
- 231
- 9
Zillow last checked:
Listing updated:
Listed by:
Scott Nguyen DRE #01824904 714-386-0357,
Moso Real Estate
Source: Bay East AOR,MLS#: 41145197
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Other
Cooling
- Other
Appliances
- Laundry: Coin Operated
Features
- Flooring: Other
- Basement: None
Interior area
- Total structure area: 3,492
- Total interior livable area: 3,492 sqft
Property
Parking
- Parking features: Carport, Off Street
- Has carport: Yes
Lot
- Size: 5,625 Square Feet
- Features: Level, No Yard
Details
- Parcel number: 27417082
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
- Attached to another structure: Yes
Materials
- Brick Veneer, Stucco, Wood Siding
- Roof: Composition
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $512/sqft
- Tax assessed value: $1,255,566
- Annual tax amount: $19,395
- Price range: $1.8M - $1.8M
- Date on market: 8/15/2026
- Listing agreement: Excl Right
- Listing terms: Cash,Conventional,1031 Exchange,New Loan
- Lease term: Month To Month,Security Deposit,Written Agreement,12 Months
- Total actual rent: 127680
- Tenant pays: Electricity, Gas
Estimated market value
$1,753,900
$1.67M - $1.84M
$3,864/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2026 | Listed for sale | $1,788,000+299.1%$512/sqft |
Source:  Bay East AOR #41145197 Report a problem | ||
| 7/2/1999 | Sold | $448,000$128/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,255,566 +2% |
| 2025 | $19,395 +3.2% | $1,230,948 +2% |
| 2024 | $18,785 +1.5% | $1,206,813 +2% |
| 2023 | $18,498 +56.4% | $1,183,151 +82.3% |
| 2022 | $11,828 +0.8% | $648,836 +2% |
| 2021 | $11,740 +1.2% | $636,115 +1% |
| 2020 | $11,605 | $629,594 +2% |
| 2019 | $11,605 +18.5% | $617,250 +2% |
| 2018 | $9,792 | $605,148 +2% |
| 2017 | $9,792 +3.8% | $593,283 +2% |
| 2016 | $9,431 +8.8% | $581,651 +1.5% |
| 2015 | $8,665 +5.6% | $572,915 +2% |
| 2014 | $8,209 | $561,693 +0.5% |
| 2013 | -- | $559,155 +2% |
| 2012 | -- | $548,192 +2% |
| 2011 | -- | $537,444 +0.8% |
| 2010 | -- | $533,428 -0.2% |
| 2009 | -- | $534,696 +2% |
| 2008 | -- | $524,213 +2% |
| 2007 | -- | $513,935 +2% |
| 2006 | -- | $503,859 +2% |
| 2005 | -- | $493,980 +2% |
| 2004 | -- | $484,295 +1.9% |
| 2003 | -- | $475,420 +2% |
| 2002 | -- | $466,099 +2% |
| 2001 | -- | $456,960 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Burbank
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