SAN JOSE — Renovations are expected for a downtown San Jose apartment complex acquired in a recent deal that its buyer suggests could be more attractive for those unable to afford their first home in the city.
Museum Park Apartments, a 117-unit residential hub at 465 West San Carlos St., was bought for $53.1 million, according to its new owners Oberndorf Real Estate Management and The Bascom Group.
The buyers believe the San Jose area offers significant upsides for apartment investors, as owning a house has become more expensive, making rentals appear more attractive by comparison…