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52 Cleveland Ave 6 Unit Apartment Building $1,898,000 ($316,333/Unit) 5.03% Cap Rate San Jose, CA 95128
Investment Highlights
- Minutes from Westfield Valley Fair, Santana Row, Whole Foods & O'Connor Hospital, in the heart of Silicon Valley.
- Stabilized 6-unit property with in-place rents below market, offering strong upside potential for a new owner.
- Fully occupied with steady cash flow, ideal for investors seeking a low-maintenance, income-producing asset.
Executive Summary
Exceptional opportunity to acquire a fully occupied 6-unit apartment complex in West San Jose. Located at 52 Cleveland Avenue, the property features five 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, six attached parking spaces, and individually metered gas and electric service. Situated in an unincorporated pocket of Santa Clara County, the property is not subject to the City of San Jose's rent control ordinance, providing greater flexibility for long-term ownership. With rents near market levels and a prime location near Santana Row, Westfield Valley Fair, major employment centers, and key transportation corridors, 52 Cleveland Avenue offers investors stable in-place cash flow in one of Silicon Valley's most desirable rental markets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,898,000 | Apartment Style | Low-Rise |
| Price Per Unit | $316,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.03% | Building Size | 2,839 SF |
| Gross Rent Multiplier | 13.2 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.11/1,000 SF |
| Zoning | R1N2 | ||
| Price | $1,898,000 |
| Price Per Unit | $316,333 |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Gross Rent Multiplier | 13.2 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,839 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2019 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | R1N2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,950 | 550 |
| 2+1 | 1 | $2,800 | 675 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 274-17-084 | Total Assessment | $2,285,444 (2026) |
| Land Assessment | $1,192,406 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,093,038 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
274-17-084
Land Assessment
$1,192,406 (2026)
Improvements Assessment
$1,093,038 (2026)
Total Assessment
$2,285,444 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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