Jason Post Of Post Investment Group Acquires 150-Unit Almaden 1930 Multifamily In San Jose For $41M
1930 Almaden Road
$41,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 6, 2026
AI
The multifamily asset located at 1930 Almaden Road in San Jose was sold for $41 million, amounting to approximately $273,333 per unit. The property comprises 150 units and was built in 1977. It participates in the federal Low Income Housing Tax Credit program, which enforces income restrictions on residents. The amenities of the property include a swimming pool and outdoor recreation areas.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,000,000
- Units: 150
- Price Per Unit: $273,333
- Buyer: Jason Post - Post Investment Group
- Date of Sale: 03/06/2026
- Market: San Jose
Jason Post, representing Post Investment Group, acquired the property as part of his investment portfolio. The transaction reflects Post Investment Group's commitment to affordable housing in the San Jose market.
San Jose MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93