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About this home
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.
Multi-familyProperty Type
1959Year Built
5,625 sq ftLot Size
$512Price/Sq.Ft.
Listed by Scott Nguyen•DRE #01824904• MOSO Real Estate
Central San Jose, located between Downtown San Jose and Willow Glen, is a historic and urban San Jose neighborhood with a grid of early-20th-century streets and a mix of civic campuses. The neighborhood’s character concentrates around the San Pedro Square Market area, where patios, small bars, and chef-driven counters line the paseo. Architectural cues shift from restored Victorians and Craftsman bungalows to midcentury apartments and contemporary infill near major corridors. The Tech Interactive and the San Jose Museum of Art anchor a culture-forward calendar near Plaza de César Chávez. SAP Center and Diridon Station add a steady pulse of events and rail activity. Tree-lined blocks and pocket parks soften the city texture between The Alameda and the downtown core.
Provided by Walk Score and Local Logic
Offer insights
45 Cleveland Ave · $1,788,000
$1.81M and above
75% chance or better to win
Why $1.81M+ is a strong offer
DAYS ON MARKET
29 days
The average home goes pending in 23 days.
SALE-TO-LIST
100.5%
Most homes are selling 0% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Coin-operated laundry
Bathrooms
Each unit has 1 bathroom (four units total)
Laundry & utility
Coin-operated laundry
Heating & cooling
Heating provided
Exterior features
No yard
Level lot
Home design
Residential income property configured as a quadruplex
Built in 1959
Parking
Four parking spaces
Carport for two or more vehicles
Off-street parking
Construction
Brick veneer, stucco, and wood siding construction
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
bridgeMLS, Bay East AOR, or Contra Costa AOR #41145196
Aug 15, 2026
Listed
$1,788,000
$512/sq ft
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82047891
Jun 30, 2026
Listing Removed
—
May 20, 2026
Listed
*
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML89913870
Jul 2, 1999
Sold
$448,000
$128/sq ft
Jul 2, 1999
Listing Removed
—
Apr 14, 1999
Sold
$448,000
$128/sq ft
Apr 5, 1999
Listed
$450,000
$129/sq ft
Apr 5, 1999
Listed
$450,000
$129/sq ft
SOLID INVESTMENT PROPERTY! QUIET NEIGHBORHOOD! JUST SOUTH OF ROSE GARDEN NEAR BASCOM & SAN CARLOS. LOW GRM OF 10.5X AT CURRENT RENTS & 9.5X AT MARKET RENTS. WANT TO SELL WITH 4PLEX NEXT DOOR AT 47 CLEVELAND AT SAME PRICE. CALL JIM
Year
Property tax
Land + Additions
Assessment*
2025
$12,350 (+2.9%)
$313,535 + $388,783
$702,318
2024
$12,007 (+1.4%)
$307,388 + $381,160
$688,548
2023
$11,845 (+0.1%)
$301,361 + $373,687
$675,048
2022
$11,828 (+0.8%)
$295,452 + $366,360
$661,812
2021
$11,740 (+1.2%)
$289,659 + $359,177
$648,836
2020
$11,605 (+8.7%)
$283,980 + $352,135
$636,115
2019
$10,672 (+9.0%)
$281,069 + $348,525
$629,594
2018
$9,792 (+3.8%)
$275,558 + $341,692
$617,250
2017
$9,431 (+6.4%)
$264,858 + $328,425
$593,283
2016
$8,865 (+2.3%)
$264,858 + $328,425
$593,283
2015
$8,665 (+5.6%)
$259,665 + $321,986
$581,651
2014
$8,208 (+1.2%)
$250,755 + $310,938
$561,693
2012
$8,113 (+4.8%)
$249,622 + $309,533
$559,155
2011
$7,742 (+0.6%)
$244,728 + $303,464
$548,192
2010
$7,698 (+1.5%)
$239,930 + $297,514
$537,444
2009
$7,582 (+4.8%)
$238,137 + $295,291
$533,428
2008
$7,233
$234,023 + $290,190
$524,213
Public record
Public record
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
5,625 Sq. Ft.
Year renovated
1959
Finished Sq. Ft.
3,492
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,492
Year built
1959
Style
Multi-Family (2-4 Unit)
County
Santa Clara County
APN
27417082
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 22, 2026.
Dec 14, 2018 • Final
Construction
Electrical
Plumbing
Remodel
Dec 14, 2018 • Final
Construction
Abate a violation by removing mold and replacing materials as needed.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 93° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
17 unhealthy days expected this year, 17 days in 30 years
Provided by First Street
Historical weather
San Jose, CA • 95128
Average low and high temperatures (°F)
63
41
65
45
72
48
71
49
77
53
81
56
80
58
83
59
82
59
78
54
66
46
62
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 1% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 45 Cleveland Ave
$1,750,965
$37K under list price of $1.79M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.2M to $1.9M.