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Santa Clara County Housing Authority Acquires 102 Senior Affordable Apartments In East San Jose From U.S. Housing & Urban Development Department For $6.8M

Property Image
SOLD
$6,800,000

California

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MultiFamily
Sold 07/20/2023
the dealdetailscomps
Property Image
SOLD

Santa Clara County Housing Authority Acquires 102 Senior Affordable Apartments In East San Jose From U.S. Housing & Urban Development Department For $6.8M

132 N Jackson Ave San Jose, Ca 95116, Usa

See Similar Deals
MultiFamily
Sold 07/20/2023
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The Santa Clara County Housing Authority has purchased 102 senior affordable apartments in East San Jose for $6.8 million. The property, located at 132 North Jackson Avenue and 1710 Alum Rock Avenue, is a multifamily asset. This transaction ensures the preservation of affordable housing for the current residents.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,800,000
  • Units: 102
  • Price Per Unit: $66,667

The Santa Clara County Housing Authority, represented by Fidel Contreras, acted as the buyer in this deal. They acquired the property from the U.S. Housing & Urban Development Department, represented by Preston Prince as the seller.

Players

SA
Santa Clara Country Housing Authority
BUYER
UD
U.S. Department of Housing & Urban Development
SELLER

Details

SOLD
IMAGE: Preston Prince & Fidel Contreras DATE: 07/20/2023 ADDRESS: 132 North Jackson Avenue & 1710 Alum Rock Avenue MARKET: San Jose ASSET TYPE: Multifamily BUYER: The Santa Clara County Housing Authority - Fidel Contreras (@Fieedz) SELLER: U.S. Housing & Urban Development Department - Preston Prince SALE PRICE: $6,800,000 UNITS: 102 ~ PPU: $66,667 NOTE: The Santa Clara County Housing Authority bought 102 senior affordable apartments in East San Jose for $6.8 million from the U.S. Housing & Urban Development Department, preserving affordable housing for the current residents.

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