River Oaks Apartments, LLC Acquires Mixed-Use Property In San Jose For $27.8M

The Hillcrest apartment building, known as Mr. Robinson, located at 3752 Park Boulevard in San Jose, has been sold for $27.8 million. The mixed-use property features 34 apartments along with commercial space. Notable tenants include HOB Coffee and Trust restaurant. The sale price translates to a per unit price of $817,647.

Summary of Transaction Details

• Property Type: Mixed-use
• Transaction Amount: $27,800,000
• Address: 3752 Park Boulevard, San Jose
• Market: San Jose
• Buyer: River Oaks Apartments, LLC
• Seller: Jonathan Segal
• Brokers: Ed Rosen, John Chu & Tyler Sinks - Berkadia
• Units: 34
• Price Per Unit: $817,647

San Diego architect and developer Jonathan Segal successfully sold the Hillcrest apartment building, Mr. Robinson, for $27.8 million. The buyers, River Oaks Apartments, LLC, seized this opportunity to acquire a mixed-use property consisting of 34 apartments and several commercial spaces. Berkadia, represented by Ed Rosen, John Chu, and Tyler Sinks, played a significant role as the broker for this transaction.