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Jason Post Of Post Investment Group Acquires 150-Unit Almaden 1930 Multifamily In San Jose For $41M

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SOLD
$41,000,000

California

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Jason Post Of Post Investment Group Acquires 150-Unit Almaden 1930 Multifamily In San Jose For $41M

1930 Almaden Road

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MultiFamily
Sold
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

JP
Post Investment Group
Jason Post
4 deals$174.1M volume
BUYER

Details

SOLD
IMAGE: Jason Post DATE: 03/06/2026 ADDRESS: 1930 Almaden Road MARKET: San Jose ASSET TYPE: Multifamily BUYER: Jason Post - Post Investment Group SALE PRICE: $41,000,000 UNITS: 150 ~ PPU: $273,333 NOTE: Post Investment Group acquired the 150-unit affordable housing property Almaden 1930 in San Jose for $41 million, or about $273,333 per unit.The 1977-built property participates in the federal Low Income Housing Tax Credit program, imposing income restrictions on residents, and features amenities including a swimming pool and outdoor recreation areas.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$145,664.35
Cash-on-Cash Return-1.27%
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